From Buildings and Loans to Bail-Outs: A History of the American Savings and Loan Industry, 1831–1995 - Hardcover

Mason, David L.

Hardcover

ISBN 10: 052182754X ISBN 13: 9780521827546

Publisher: Cambridge University Press, 2004

Synopsis

This first complete history of the American thrift industry traces its development 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. Although the thrift crisis of the 1980s and early 1990s dealt a severe blow to the financial health and reputation of the industry, this book reveals the ways government resolved it, and how the industry was reinvented in its aftermath.

About this title

Book Description:

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 events that precipitated the thrift crisis, the ways government resolved it, and how the industry reinvented itself in its aftermath.

About the Author:

David L. Mason is Assistant Professor of History at Young Harris College. Prior to earning his PhD in Business History from Ohio State University, he served as a corporate banker for nearly a decade, holding positions at the Bank of America and the Resolution Trust Corporation. He is also the author of articles for Essays in Economic and Business History and Proceedings of the Ohio Academy of History.

About this edition

• Publisher: Cambridge University Press
• Publication date: 2004
• ISBN 10: 052182754X
• ISBN 13: 9780521827546
• Binding: Hardcover
• Number of pages: 362