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Belly Up : The Collapse of the Penn Square Bank

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Belly Up : The Collapse of the Penn Square Bank

No economist could have predicted that the Penn Square Bank, a small, obscure lender in an Oklahoma shopping mall, would become the instigator of a financial charade that would see billions of dollars in loans made on the basis of imaginary oil and natural gas reservesâ€”just as a worldwide oil glut and the repeal of regulatory gas laws were about to pull the rug from under the Oklahoma energy boom.
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Belly Up tells this amazing true story with brilliant reporting, delicious detail, and an unbelievable yet all-too-real cast of characters, from the young geologist who convinced banks to invest lots of money in a huge new source of natural gas to the banker who became notorious for lending money to every con artist and wildcatter with a lease, a rig, and a dream.
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Praise for Belly Up

â€œBelly Up merits a slot on any investorâ€™s literary shelf as surely as it does a Pulitzer Prize!â€â€”Financial World

â€œInvestigative reporting at its best.â€â€”The Baltimore Sun
Country USA
Manufacturer Crown Publishers, Inc.
Binding Hardcover
ReleaseDate 1985-12-09
UnitCount 1
EANs 9780517557082

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