From Buildings and Loans to Bail-Outs A History of the American Savings and Loan Industry, 1831-1995 |
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| Author:
| Mason, David L. |
| ISBN: | 978-0-521-10122-6 |
| Publication Date: | Feb 2009 |
| Publisher: | Cambridge University Press
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| Book Format: | Paperback |
| List Price: | USD $37.99 |
Book Description:
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This is the first complete history of the American thrift industry from its origins in the mid-nineteenth century through the resolution of the savings and loan crisis in the 1990s. Because S&Ls offer affordable forms of consumer finance, these institutions have helped millions of people achieve the "American Dream" of home ownership. The thrift crisis of the 19080s and early 1990s dealt a severe blow to the financial health and reputation of the industry, and this book examines the...
More DescriptionThis is the first complete history of the American thrift industry from its origins in the mid-nineteenth century through the resolution of the savings and loan crisis in the 1990s. Because S&Ls offer affordable forms of consumer finance, these institutions have helped millions of people achieve the "American Dream" of home ownership. The thrift crisis of the 19080s and early 1990s dealt a severe blow to the financial health and reputation of the industry, and this book examines the events that precipitated the thrift crisis, the ways government resolved it, and how the industry reinvented itself in its aftermath.