Daisy Chain

James O'Shea

Published by Pocket Books, 1991
ISBN 10: 0671733036 / ISBN 13: 9780671733032
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This is a used book. Potential defects may exist (folds, creases, highlighting, writing/markings, staining, stickers and/or sticker residue, ETC.) COAS Books, A Bookstore for Everyone. Ships Within 24 Hours - Satisfaction Guaranteed!. Bookseller Inventory #

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Synopsis: Journalist and Washington insider James O'Shea tells the amazing story of BigBad Don Dixon, who took over a small, well-managed Texas Savings and Loan andturned it into a billion dollar boondoggle.

From Publishers Weekly: The extent of the S & L disaster--now estimated at $500 billion--continues to grow in impact as the press discloses fresh examples of greed, fraud and incompetence involving accounts, appraisers, lawyers, and bank and government officials, a few of whom must now face televised Senate Ethics Committee investigations. An editor at the Chicago Tribune , O'Shea here offers an astute appraisal of the political, economic and social climate which fostered the thrifts crisis. The author focuses on entrepreneur Donald Dixon's purchase of a seemingly sound, federally insured Vernon, Tex., S & L which--thanks in part to Reagan-era deregulations--allowed Dixon to fund reckless ventures and a lavish lifestyle, despite $3 billion invested in delinquent loans. So huge was the thrift's disarray and fraud by 1986, when federal officials seized it, that O'Shea contends the bank should have been closed, not salvaged. Major ad/promo; author tour.
Copyright 1991 Reed Business Information, Inc.

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Bibliographic Details

Title: Daisy Chain
Publisher: Pocket Books
Publication Date: 1991
Binding: Hardcover
Book Condition: Acceptable

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O'Shea, James
Published by Pocket Books (1991)
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