The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History
A Finance, Banking, History book. So far, only a mortgage trader from Goldman Sachs has been criminally charged. As Fay Chapman would later observe...
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.During the most dizzying days of the financial crisis, Washington Mutual, a bank with hundreds of billions of dollars in its coffers, suffered a crippling bank run. The story of its final, brutal collapse in the autumn of 2008, and its controversial sale to JPMorgan Chase, is an astonishing account of how one bank lost itself to greed and mismanagement, and how the entire financial industry—and even the entire country— lost its way as well. Kirsten Grind’s The Lost Bank is a magisterial and gripping account of these events, tracing the cultural shifts, the cockamamie financial engineering, and the hubris and avarice that made this incredible story possible. The men and women who become the central players in this tragedy— the regulators and the bankers, the home buyers and the lenders, the number crunchers and the shareholders—are heroes and villains, perpetrators and victims, often switching roles with one another as the drama unfolds. As a reporter at...
Download or read The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History in PDF formats. You may also find other subjects related with The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History.
- Filetype: PDF
- Pages: 400 pages
- ISBN: 9781451617924 / 0
Skkge-UgCsub.pdf
More About The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History
So far, only a mortgage trader from Goldman Sachs has been criminally charged. As Fay Chapman would later observe about the financial crisis in general, There is no law against stupidity. Kirsten Grind, The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History //
THE LOST BANK tells the story of biggest bank failure in this country's history and it tells it well. It compliments TOO BIG TO FAIL. In TOO BIG, that book tells the story of the flashy investment bankers of Wall Street as they fight for their financial lives, and it features dramatic story lines and outsized egos. In THE LOST BANK,... Good book. I always love to hear the inside stories of these colossal business failures. After reading the book it seems pretty obvious to me that there is an east coast bias when it comes to banking. You can't help but feel like Paulson was taking care of his buddies at AIG, Citi, and Meryl but let WAMU eat it. I hate when the government... This was one of the more interesting books that I've read about the financial crisis. The book deals exclusively with the experience of Washington Mutual, covering its long road from a local bank to one of the largest mortgage lenders in the country. The book does a good job of explaining how the personalities of those running the company...
