The Great Texas Banking Crash

The Great Texas Banking Crash

Author: Joseph M. Grant

Publisher: University of Texas Press

Published: 1996-01-01

Total Pages: 336

ISBN-13: 9780292727915

DOWNLOAD EBOOK

During the decades from 1982 to 1992, Texas banks failed at a rate unprecedented in United States history, even including the Great Depression of the 1930s. In all, 506 Texas commercial banks failed (accounting for 36% of all failures nationally), including seven of the ten largest banks in Texas. In this fascinating insider's account, Joseph M. "Jody" Grant, former chairman and chief executive officer of Texas American Bancshares, Inc. of Fort Worth (the seventh largest), tells the story of the collapse of Texas' major banks. He vividly re-creates the three-year struggle to save his own organization, Texas American Bancshares. This sobering account makes a compelling case against the FDIC's handling of Texas' financial crisis. In Grant's view, the bank failures have deprived Texas of the engine of capital that spawned the nation's third largest industrial economy, built Texas' major cities, bankrolled its entrepreneurs, and provided a pool of talented business and civic leaders. Grant's book will be thought-provoking reading for everyone in the financial community, as well as for students of Texas history and of business and government relations.


Book Synopsis The Great Texas Banking Crash by : Joseph M. Grant

Download or read book The Great Texas Banking Crash written by Joseph M. Grant and published by University of Texas Press. This book was released on 1996-01-01 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the decades from 1982 to 1992, Texas banks failed at a rate unprecedented in United States history, even including the Great Depression of the 1930s. In all, 506 Texas commercial banks failed (accounting for 36% of all failures nationally), including seven of the ten largest banks in Texas. In this fascinating insider's account, Joseph M. "Jody" Grant, former chairman and chief executive officer of Texas American Bancshares, Inc. of Fort Worth (the seventh largest), tells the story of the collapse of Texas' major banks. He vividly re-creates the three-year struggle to save his own organization, Texas American Bancshares. This sobering account makes a compelling case against the FDIC's handling of Texas' financial crisis. In Grant's view, the bank failures have deprived Texas of the engine of capital that spawned the nation's third largest industrial economy, built Texas' major cities, bankrolled its entrepreneurs, and provided a pool of talented business and civic leaders. Grant's book will be thought-provoking reading for everyone in the financial community, as well as for students of Texas history and of business and government relations.

Texas Banking Crisis

Texas Banking Crisis

Author: John O'Keefe

Publisher:

Published: 1990

Total Pages:

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis Texas Banking Crisis by : John O'Keefe

Download or read book Texas Banking Crisis written by John O'Keefe and published by . This book was released on 1990 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Texas Banking Crisis, Causes and Consequences

Texas Banking Crisis, Causes and Consequences

Author:

Publisher:

Published: 1990

Total Pages:

ISBN-13:

DOWNLOAD EBOOK


Book Synopsis Texas Banking Crisis, Causes and Consequences by :

Download or read book Texas Banking Crisis, Causes and Consequences written by and published by . This book was released on 1990 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Lost Bank

The Lost Bank

Author: Kirsten Grind

Publisher: Simon and Schuster

Published: 2013-07-16

Total Pages: 401

ISBN-13: 1451617933

DOWNLOAD EBOOK

Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.


Book Synopsis The Lost Bank by : Kirsten Grind

Download or read book The Lost Bank written by Kirsten Grind and published by Simon and Schuster. This book was released on 2013-07-16 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on reporting for which the author was named a finalist for the Pulitzer Prize and the Gerald Loeb Award, this book traces the rise and spectacular fall of Washington Mutual.

Texas Banking Crisis, Causes and Consequences - Scholar's Choice Edition

Texas Banking Crisis, Causes and Consequences - Scholar's Choice Edition

Author: Federal Deposit Insurance Corporation

Publisher:

Published: 2015-02-16

Total Pages: 66

ISBN-13: 9781297049347

DOWNLOAD EBOOK

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.


Book Synopsis Texas Banking Crisis, Causes and Consequences - Scholar's Choice Edition by : Federal Deposit Insurance Corporation

Download or read book Texas Banking Crisis, Causes and Consequences - Scholar's Choice Edition written by Federal Deposit Insurance Corporation and published by . This book was released on 2015-02-16 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

Panic in the Loop

Panic in the Loop

Author: Raymond B. Vickers

Publisher: Lexington Books

Published: 2011

Total Pages: 373

ISBN-13: 0739166409

DOWNLOAD EBOOK

Relying on a broad array of records used together for the first time, Panic in the Loop reveals widespread fraud and insider abuse by bankers--and the complicity of corrupt politicians--that caused the Chicago banking debacle of 1932. It provides a fresh interpretation of the role played by bankers who turned the nation's financial crisis of the early 1930s into the decade-long Great Depression. It also calls for the abolition of secrecy that still permeates the bank regulatory system, which would have prevented the Enron fiasco and the financial meltdown of 2008. This book focuses on the recurrent failures of the financial system--the savings and loan crisis of the 1980s, the Enron debacle of the early 2000s, and finally the financial collapse of 2008. Because of regulatory secrecy, knowing what happened in Chicago in 1932 is critical to understanding the glaring problems in the regulation of American finance, in particular the lack of transparency, the abuse of financial institutions by insiders, and the capture of public institutions by insiders going through the revolving door between the private and public sectors. Eight decades later little has changed. The regulatory failures of the 1930s--especially the pervasive system of secrecy that allowed the fraud and insider abuse to flourish--were repeated during the collapse of 2008. Transparency would strike at the alliance between the executives of financial institutions and public officials, who caused the worst economic upheaval since the Great Depression.


Book Synopsis Panic in the Loop by : Raymond B. Vickers

Download or read book Panic in the Loop written by Raymond B. Vickers and published by Lexington Books. This book was released on 2011 with total page 373 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relying on a broad array of records used together for the first time, Panic in the Loop reveals widespread fraud and insider abuse by bankers--and the complicity of corrupt politicians--that caused the Chicago banking debacle of 1932. It provides a fresh interpretation of the role played by bankers who turned the nation's financial crisis of the early 1930s into the decade-long Great Depression. It also calls for the abolition of secrecy that still permeates the bank regulatory system, which would have prevented the Enron fiasco and the financial meltdown of 2008. This book focuses on the recurrent failures of the financial system--the savings and loan crisis of the 1980s, the Enron debacle of the early 2000s, and finally the financial collapse of 2008. Because of regulatory secrecy, knowing what happened in Chicago in 1932 is critical to understanding the glaring problems in the regulation of American finance, in particular the lack of transparency, the abuse of financial institutions by insiders, and the capture of public institutions by insiders going through the revolving door between the private and public sectors. Eight decades later little has changed. The regulatory failures of the 1930s--especially the pervasive system of secrecy that allowed the fraud and insider abuse to flourish--were repeated during the collapse of 2008. Transparency would strike at the alliance between the executives of financial institutions and public officials, who caused the worst economic upheaval since the Great Depression.

Banksters, Bosses, and Smart Money

Banksters, Bosses, and Smart Money

Author: Timothy Messer-Kruse

Publisher: Ohio State University Press

Published: 2004

Total Pages: 208

ISBN-13: 0814209777

DOWNLOAD EBOOK

Banksters, Bosses, and Smart Money uncovers the causes of one city's economic collapse by tracing the interlocking directorships, political machines, and insider deals that made quick fortunes for the well-connected while jeopardizing the savings of tens of thousands of depositors. It documents how the power of the city's financial elites continued even after the calamitous bank crash of 1931, skewing the liquidation of insolvent banks in their favor and shielding those responsible from criminal prosecution.


Book Synopsis Banksters, Bosses, and Smart Money by : Timothy Messer-Kruse

Download or read book Banksters, Bosses, and Smart Money written by Timothy Messer-Kruse and published by Ohio State University Press. This book was released on 2004 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banksters, Bosses, and Smart Money uncovers the causes of one city's economic collapse by tracing the interlocking directorships, political machines, and insider deals that made quick fortunes for the well-connected while jeopardizing the savings of tens of thousands of depositors. It documents how the power of the city's financial elites continued even after the calamitous bank crash of 1931, skewing the liquidation of insolvent banks in their favor and shielding those responsible from criminal prosecution.

Senseless Panic

Senseless Panic

Author: William M. Isaac

Publisher: John Wiley & Sons

Published: 2012-07-16

Total Pages: 240

ISBN-13: 1118431987

DOWNLOAD EBOOK

The truth about the 2008 economic crisis from a Washington insider The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas’ ten largest, and Continental Illinois, which, at the time, was the seventh largest bank in the nation. These severe conditions were not only handled without creating a panic, the economy actually embarked on the longest peacetime expansion in history. In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and S&L crises of the 1980s, details what was different about 2008’s meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the world’s financial system. The book also tells the rousing story of Isaac’s time at the FDIC. Details the mistakes that led to the panic of 2008 and 2009 An updated paperback revision of the bestselling book on the 2008 economic crisis, including a fascinating new Epilogue Demystifies the conditions America faced in 2008 Provides a road map for avoiding similar shutdowns and panics in the future Includes a foreword by Federal Reserve Chairman Paul Volcker Senseless Panic is a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system, a blunt indictment of United States policy, and a road map for making sure it doesn’t happen again.


Book Synopsis Senseless Panic by : William M. Isaac

Download or read book Senseless Panic written by William M. Isaac and published by John Wiley & Sons. This book was released on 2012-07-16 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The truth about the 2008 economic crisis from a Washington insider The 1980s opened with the prime interest rate at an astonishing 21.5 percent, leading to a severe recession with unemployment reaching nearly 11 percent. Depression-like conditions befell the country, the entire thrift industry was badly insolvent and the major money center banks were loaded with third world debt. Some 3,000 bank and thrifts failed, including nine of Texas’ ten largest, and Continental Illinois, which, at the time, was the seventh largest bank in the nation. These severe conditions were not only handled without creating a panic, the economy actually embarked on the longest peacetime expansion in history. In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and S&L crises of the 1980s, details what was different about 2008’s meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the world’s financial system. The book also tells the rousing story of Isaac’s time at the FDIC. Details the mistakes that led to the panic of 2008 and 2009 An updated paperback revision of the bestselling book on the 2008 economic crisis, including a fascinating new Epilogue Demystifies the conditions America faced in 2008 Provides a road map for avoiding similar shutdowns and panics in the future Includes a foreword by Federal Reserve Chairman Paul Volcker Senseless Panic is a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system, a blunt indictment of United States policy, and a road map for making sure it doesn’t happen again.

Crashed

Crashed

Author: Adam Tooze

Publisher: Penguin

Published: 2018-08-07

Total Pages: 720

ISBN-13: 0525558802

DOWNLOAD EBOOK

WINNER OF THE LIONEL GELBER PRIZE A NEW YORK TIMES NOTABLE BOOK OF 2018 ONE OF THE ECONOMIST'S BOOKS OF THE YEAR A NEW YORK TIMES CRITICS' TOP BOOK "An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From the prizewinning economic historian and author of Shutdown and The Deluge, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today. We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all—the 2008 economic crisis and its aftermath. Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats—a much-needed perspective on a global catastrophe and its long-term consequences.


Book Synopsis Crashed by : Adam Tooze

Download or read book Crashed written by Adam Tooze and published by Penguin. This book was released on 2018-08-07 with total page 720 pages. Available in PDF, EPUB and Kindle. Book excerpt: WINNER OF THE LIONEL GELBER PRIZE A NEW YORK TIMES NOTABLE BOOK OF 2018 ONE OF THE ECONOMIST'S BOOKS OF THE YEAR A NEW YORK TIMES CRITICS' TOP BOOK "An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From the prizewinning economic historian and author of Shutdown and The Deluge, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today. We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all—the 2008 economic crisis and its aftermath. Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats—a much-needed perspective on a global catastrophe and its long-term consequences.

A Banking History of Texas, 1835-1929

A Banking History of Texas, 1835-1929

Author: Avery Luvere Carlson

Publisher: Copano Bay Press

Published: 2007

Total Pages: 109

ISBN-13: 0976779919

DOWNLOAD EBOOK

The history of banking in Texas from the Republic era through the Great Depression is a tale of uncertainty, distrust and confusion, but it is not without a cast of heroic figures. This is the story of the pioneering institutions and individuals that laid the foundation for the current system of banking in Texas, despit enormous legislative and economic obstacles. The Texas Revolution, repeated constitutional prohibitions on banks, civil war and unstable economic conditions hampered the development of an established system of dependable institutions. From the embattled history of the first bank chartered in Mexican Texas (The Commercial & Agricultural Bank) to far more obscure firms, the essential facts are here. The product of years of research drawing on primary documents, this work has been cited extensively in subsequent works relating to Texas and southern banking. Originally published in 1930 by the Fort Worth National Bank upon the death of the bank's founding father, this title has been out-of-print since. This new edition has been wholly revised and re-designed for improved readability.


Book Synopsis A Banking History of Texas, 1835-1929 by : Avery Luvere Carlson

Download or read book A Banking History of Texas, 1835-1929 written by Avery Luvere Carlson and published by Copano Bay Press. This book was released on 2007 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: The history of banking in Texas from the Republic era through the Great Depression is a tale of uncertainty, distrust and confusion, but it is not without a cast of heroic figures. This is the story of the pioneering institutions and individuals that laid the foundation for the current system of banking in Texas, despit enormous legislative and economic obstacles. The Texas Revolution, repeated constitutional prohibitions on banks, civil war and unstable economic conditions hampered the development of an established system of dependable institutions. From the embattled history of the first bank chartered in Mexican Texas (The Commercial & Agricultural Bank) to far more obscure firms, the essential facts are here. The product of years of research drawing on primary documents, this work has been cited extensively in subsequent works relating to Texas and southern banking. Originally published in 1930 by the Fort Worth National Bank upon the death of the bank's founding father, this title has been out-of-print since. This new edition has been wholly revised and re-designed for improved readability.