The Best Way To Rob A Bank Is To Own One: How Corporate Executives And Politicians Looted The S&L Industry,New
The Best Way To Rob A Bank Is To Own One: How Corporate Executives And Politicians Looted The S&L Industry,New

The Best Way To Rob A Bank Is To Own One: How Corporate Executives And Politicians Looted The S&L Industry,New

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The Catastrophic Collapse Of Companies Such As Enron, Worldcom, Imclone, And Tyco Left Angry Investors, Employees, Reporters, And Government Investigators Demanding To Know How The Ceos Deceived Everyone Into Believing Their Companies Were Spectacularly Successful When In Fact They Were Massively Insolvent. Why Did The Nations Top Accounting Firms Give Such Companies Clean Audit Reports? Where Were The Regulators And Whistleblowers Who Should Expose Fraudulent Ceos Before They Loot Their Companies For Hundreds Of Millions Of Dollars?In This Expert Insiders Account Of The Savings And Loan Debacle Of The 1980S, William Black Lays Bare The Strategies That Corrupt Ceos And Cfosin Collusion With Those Who Have Regulatory Oversight Of Their Industriesuse To Defraud Companies For Their Personal Gain. Recounting The Investigations He Conducted As Director Of Litigation For The Federal Home Loan Bank Board, Black Fully Reveals How Charles Keating And Hundreds Of Other S&L Owners Took Advantage Of A Weak Regulatory Environment To Perpetrate Accounting Fraud On A Massive Scale. He Also Authoritatively Links The S&L Crash To The Business Failures Of The Early 2000S, Showing How Ceos Then And Now Are Using The Same Tactics To Defeat Regulatory Restraints And Commit The Same Types Of Destructive Fraud.Black Uses The Latest Advances In Criminology And Economics To Develop A Theory Of Why 'Control Fraud'Looting A Company For Personal Profittends To Occur In Waves That Make Financial Markets Deeply Inefficient. He Also Explains How To Prevent Such Waves. Throughout The Book, Black Drives Home The Larger Point That Control Fraud Is A Major, Ongoing Threat In Business That Requires Active, Independent Regulators To Contain It. His Book Is A Wakeup Call For Everyone Who Believes That Market Forces Alone Will Keep Companies And Their Owners Honest.

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We provide a 2-year limited warranty, from the date of purchase for all our products.

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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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Frequently Asked Questions

  • Q: What is the main topic of 'The Best Way to Rob a Bank Is to Own One'? A: The book focuses on the strategies used by corporate executives and politicians to exploit the savings and loan industry, particularly during the 1980s, and how these practices led to significant financial fraud.
  • Q: Who is the author of this book? A: The author is William K. Black, who served as the Director of Litigation for the Federal Home Loan Bank Board and provides insights based on his experiences during the savings and loan crisis.
  • Q: What are the key themes discussed in the book? A: Key themes include control fraud, the role of regulators, the history of financial crises, and the ongoing threat of corporate fraud in business practices.
  • Q: How many pages does the book have? A: The book contains 352 pages.
  • Q: What edition of the book is available? A: This is the first edition of the book.
  • Q: What is the publication date of this book? A: The book was published on April 1, 2005.
  • Q: Is the book available in paperback format? A: Yes, the book is available in paperback format.
  • Q: What condition is the book in? A: The book is listed as being in acceptable condition.
  • Q: Does the book provide any solutions to prevent financial fraud? A: Yes, the author discusses methods to prevent control fraud and emphasizes the need for active and independent regulatory oversight.
  • Q: What type of readers would benefit from this book? A: Readers interested in economic history, corporate governance, and financial regulation will find this book particularly enlightening.