Big Money Crime: Fraud and Politic...
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Big Money Crime by Henry N. Pontell, Kitty Calavita, Robert Tillman (1999, Paperback) 
Big Money Crime by Henry N. Pontell, Kitty Calavita, Robert Tillman (1999, Paperback)

 
Big Money Crime by Henry N. Pontell, Kitty Calavita, Robert Tillman (1999, Paperback)

Publisher: Univ of California Pr
Publication Date: 1999-05-01
Language: English
Format: Paperback
ISBN-10: 0520219473
ISBN-13: 9780520219472
Product ID: EPID384821
Description: Using material from over one hundred interviews with government officials and industry leaders and declassified documents, the authors show how S&L leaders engaged in deliberate fraud, stealing from their own corporations to speculate on...
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Big Money Crime : Henry N. Pontell, Kitty Calavita, Robert Tillman (Paperback, 1999)
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Synopsis
Using material from over one hundred interviews with government officials and industry leaders and declassified documents, the authors show how S&L leaders engaged in deliberate fraud, stealing from their own corporations to speculate on high-risk ventures.

Details
Publication Date:1999-05-01

Size
Length:259 pages
Height:9.3 in
Width:6.3 in
Thickness:0.8 in
Weight:13.6 oz

Publisher's Note
At a cost of $500 billion to American taxpayers, the savings and loan debacle of the 1980s was one of the worst financial crises of the twentieth century as well as a series of crimes unparalleled in American history. Yet the vast majority of its perpetrators will never be prosecuted, and those who were received minimal sentences. In the first in-depth scrutiny of these white-collar crimes, this groundbreaking book comes to disturbing conclusions about the deliberate nature of this financial fraud, the political collusion involved, and the leniency of the criminal justice system in dealing with these "Gucci-clad white-collar criminals."

Industry Reviews
The authors' rigorous examination of various relevant documents and interviews with key parties provide strong support for their claim that systematic insider fraud, as opposed simply to poor business judgment or adverse economic conditions, was a critical factor in the failure of so many thrifts. . . . Although various journalistic accounts of the S&L scandals have been published (e.g., Stephen Pizzo, Mary Fricker, and Paul Muolo's Inside Job, 1989), this well-written, thoroughly researched, and conceptually innovative work deepens understanding of a major form of contemporary white collar crime.
Annotation copyright H.W. Wilson Company.
Joyce

Big Money Crime is . . . vividly written, clearly argued, and scrupulously researched. . . . Social scientists Kitty Calavita, Henry N. Pontell, and Robert H. Tillman base their conclusions on three years of fieldwork within the S&L investigation, funded in part by the National Institute of Justice of the U.S. Department of Justice. A succinct and compelling account of a tsunami of white-collar criminality, [the work] is a timely antidote to the new conventional wisdom that the S&L crisis was an unavoidable tragedy. . . . The last defense of the S&L industry is that their crimes were really business deals too convoluted for the uninitiated to understand. . . . Big Money Crime cuts through this confusion, identifying 'hot deals,' looting, and covering up as the three main types of S&L crime.
Annotation copyright H.W. Wilson Company.
Joyce

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