The lost bank: the story of Washington Mutual--the biggest bank failure in American history
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.
Reporting for the Puget Sound Business Journal, Grind covered the story from the beginning. It was a story set far from the epicenters of finance and media, happening largely in places such as the suburban homes of central California and the office buildings of Seattle, but the clarity and depth of Grind's work earned her many awards, including being named a finalist for the Pulitzer Prize and the Gerald Loeb Award. She takes readers into boardrooms and bedrooms, revealing the power struggles that pitted regulators at the Office of Thrift Supervision and the FDIC against one another and the predatory negotiations of investment bankers and lawyers who enriched themselves during the bank's rise and then devoured the decimated bank in its final days.
Written as compellingly as the finest fiction, The Lost Bank makes it clear that the collapse of Washington Mutual was not just the largest bank failure in American history. It is a story of talismanic qualities, reflecting the incredible rise and the precipitous collapse of not only an institution but of trust, fortunes, and the marketplaces for risk across the world.
9781483060781
Bank failures -- United States -- History
Banks and banking
Banks and banking -- Washington (State) -- Seattle -- History
Business
History
Nonfiction
Savings and loan association failures
Savings and loan association failures -- United States -- History
Savings and loan associations
Savings and loan associations -- Washington (State) -- Seattle -- History
Washington Mutual, Inc
Grouping Information
Grouped Work ID | 4c6a66a9-6a4f-737a-f319-5a3388e03907 |
---|---|
Grouping Title | lost bank the story of washington mutual the biggest bank failure in american history |
Grouping Author | kirsten grind |
Grouping Category | book |
Grouping Language | English (eng) |
Last Grouping Update | 2024-04-24 01:39:23AM |
Last Indexed | 2024-04-24 01:44:04AM |
Solr Fields
Online OverDrive Collection
Online OverDrive Collection
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.
Reporting for the Puget Sound Business Journal, Grind covered the story from the beginning. It was a story set far from the epicenters of finance and media, happening largely in places such as the suburban homes of central California and the office buildings of Seattle, but the clarity and depth of Grind's work earned her many awards, including being named a finalist for the Pulitzer Prize and the Gerald Loeb Award. She takes readers into boardrooms and bedrooms, revealing the power struggles that pitted regulators at the Office of Thrift Supervision and the FDIC against one another and the predatory negotiations of investment bankers and lawyers who enriched themselves during the bank's rise and then devoured the decimated bank in its final days.
Written as compellingly as the finest fiction, The Lost Bank makes it clear that the collapse of Washington Mutual was not just the largest bank failure in American history. It is a story of talismanic qualities, reflecting the incredible rise and the precipitous collapse of not only an institution but of trust, fortunes, and the marketplaces for risk across the world.
Books
eBook
eAudiobook
9781483060781
Online OverDrive
Longmont Public Library Online
Online OverDrive Collection
Simon & Schuster
Banks and banking -- Washington (State) -- Seattle -- History
Savings and loan association failures -- United States -- History
Savings and loan associations -- Washington (State) -- Seattle -- History
Washington Mutual, Inc
The lost bank : the story of Washington Mutual--the biggest bank failure in American history / Kirsten Grind
Banks and banking
Business
History
Nonfiction
Savings and loan association failures
Savings and loan associations
Solr Details Tables
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