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- The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History
The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History
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The Lost Bank: The Story of Washington Mutual-The Biggest Bank Failure in American History
The Lost Bank is a gripping account of how Washington Mutual, once a thriving bank with hundreds of billions of dollars in its coffers, suffered a brutal collapse during the financial crisis.
Grind's masterful reporting reveals the cultural shifts, cockamamie financial engineering, and hubris and avarice that led to this incredible story.
With a cast of heroes and villains, perpetrators and victims, The Lost Bank takes readers into boardrooms and bedrooms, exposing power struggles between regulators and bankers, and predatory negotiations that enriched some at the expense of others.
This magisterial account is a must-read for anyone interested in understanding how one bank lost itself to greed and mismanagement, and how the entire financial industry--and even the entire country--lost its way.
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