Read The Daisy Chain: How Borrowed Millions Sank a Texas S&L

The Daisy Chain: How Borrowed Millions Sank a Texas S&L

James O'Shea

4.9/5 (17905 ratings)

Description:How did the country allow $250 billion to be stolen, squandered & finally sucked down the drain in a scandal that Newsweek has called "the biggest financial mess in US history"? The definitive--& uproariously entertaining--answer lies in James O'Shea's prize-winning account of how the cleanest little savings & loan in Texas became the government's black hole--once Big Bad Don Dixon rode into town. Set on the flat, red, dusty plains of north central Texas, Vernon (pop. 12,500) is a hardscrabble town full of hard-working folks who for decades placed their life earnings in the hands of one R.B. Tanner. With a Bible in one hand, a butcher knife in the other, Tanner ran the local thrift in a manner befitting the S&L's Golden 3-6-3 Rule: Pay depositors 3%, charge borrowers 6% & be out on the golf course by 3. But the status quo was turned upside down in '81 when Dixon, a native son turned high-rolling Dallas real estate developer, sweet-talked old man Tanner into selling his beloved business. The Daisy Chain is the story of what happened in Vernon--& of its nationwide ramifications--as this local S&L became Don Dixon's personal piggybank.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Daisy Chain: How Borrowed Millions Sank a Texas S&L. To get started finding The Daisy Chain: How Borrowed Millions Sank a Texas S&L, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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ISBN: 0671711148

Description: How did the country allow $250 billion to be stolen, squandered & finally sucked down the drain in a scandal that Newsweek has called "the biggest financial mess in US history"? The definitive--& uproariously entertaining--answer lies in James O'Shea's prize-winning account of how the cleanest little savings & loan in Texas became the government's black hole--once Big Bad Don Dixon rode into town. Set on the flat, red, dusty plains of north central Texas, Vernon (pop. 12,500) is a hardscrabble town full of hard-working folks who for decades placed their life earnings in the hands of one R.B. Tanner. With a Bible in one hand, a butcher knife in the other, Tanner ran the local thrift in a manner befitting the S&L's Golden 3-6-3 Rule: Pay depositors 3%, charge borrowers 6% & be out on the golf course by 3. But the status quo was turned upside down in '81 when Dixon, a native son turned high-rolling Dallas real estate developer, sweet-talked old man Tanner into selling his beloved business. The Daisy Chain is the story of what happened in Vernon--& of its nationwide ramifications--as this local S&L became Don Dixon's personal piggybank.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with The Daisy Chain: How Borrowed Millions Sank a Texas S&L. To get started finding The Daisy Chain: How Borrowed Millions Sank a Texas S&L, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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The Daisy Chain: How Borrowed Millions Sank a Texas S&L

The Daisy Chain: How Borrowed Millions Sank a Texas S&L

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