Wednesday, November 03, 2010

Michael Hudson's top six banking-scandal books

Michael Hudson covers business and finance for the Center for Public Integrity, a nonprofit journalism organization. His new book is The Monster: How a Gang of Predatory Lenders and Wall Street Bankers Fleeced America--and Spawned a Global Crisis.

For The Week magazine, he named his top six banking-scandal books.

One title on the list:
Belly Up by Phillip L. Zweig

How out of control did things get at one Oklahoma oil-patch bank before its 1982 implosion? One line of Zweig’s dissection tells the story: "When Patterson announced, 'Let’s rodeo,' that usually meant heavy gambling, fast women, and nonstop revelry." Who was Patterson? He was the VP in charge of approving oil loans.
Read about another book on Hudson's list.

--Marshal Zeringue