Joanna
Eubulides wrote:
>On Nov 8, 2007 10:39 AM, Robert Wrubel <bobwrubel at yahoo.com> wrote:
>
>
>
>>Martin Mayer's book on the S @ L crisis is excellent
>>reading for students of the political process. In his
>>account, the damage could have been limited to about
>>$60-75 bn, if Congress had had the courage to admit it
>>had made a mistake in loosening regulations on S&Ls.
>>In the present situation, it seems to be the press
>>that lacks courage (or information) to admit the
>>dimensions of the problem. The underlying issue for
>>both politicians and press is always how much bad
>>information can the public take without losing faith
>>in government institutions altogether. Or, to put it
>>the other way, the first priority for government and
>>media always to give the impression that "we are in
>>control of things", not actually taking control.
>>
>>BobW
>>
>>
>
>===================
>
>Also a must read is William Black's "The Best Way to Rob a Bank is to
>Own One: How Corporate Executives and Politicians Looted the S&L
>Industry"
>
><http://www.utexas.edu/utpress/books/blabes.html>
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