Download The Best Way to Rob a Bank Is to Own One: How Corporate Executives and Politicians Looted the S&L Industry AudioBook Free
In this particular expert insider's consideration of the personal savings and loan debacle of the 1980s, William Black colored lays bare the strategies that corrupt CEOs and CFOs - in collusion with those who have regulatory oversight of the establishments - use to defraud companies for his or her personal gain. Recounting the investigations he conducted as Director of Litigation for the Federal government Home Loan Loan company Board, Black fully reveals how Charles Keating and hundreds of other S&L owners required benefit of a fragile regulatory environment to perpetrate accounting fraudulence on a massive scale. Within the new afterword, he also authoritatively links back to you the S&L crash to the business enterprise failures of 2008 and beyond, showing how CEOs then and today are using the same methods to beat regulatory restraints and commit the same types of harmful fraud. Black colored drives home the larger point that control fraudulence is a major, ongoing threat in business that requires effective, independent regulators to own it. His book is a wake-up demand everyone who is convinced that market pushes alone could keep companies and their owners genuine.
