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Belly Up: The Collapse of the Penn Square BankBelly Up: The Collapse of the Penn Square Bank by Phillip L. Zweig

My rating: 4 of 5 stars


In 1982, Penn Square Bank, a bank located in a strip mall in Oklahoma, failed. This book chronicles how the small bank's major wheeling and dealing in oil and gas investments led to one of the biggest crises in the history of American banking. The book is perhaps even more interesting now as it parallels and perhaps foreshadows some of the issues of the more recent financial crisis.



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