Research Catalog

The great Texas banking crash : an insider's account

Title: The great Texas banking crash : an insider's account / Joseph M. Grant.
Author: Grant, Joseph M.
Publication: Austin : University of Texas Press, 1996.

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Item details
Status	Format	Access	Call Number	Item Location
Request for On-site Use Request Scan How do I pick up this item and when will it be ready?	Text	Request in advance	HG2613.F73 G73 1996	Off-site

Description

xi, 316 pages : illustrations, portraits; 25 cm

Summary

During the decades from 1982 to 1992, Texas banks failed at a rate unprecedented in United States history, even including the Great Depression of the 1930s. In all, 506 Texas commercial banks failed (accounting for 36% of all failures nationally), including seven of the ten largest banks in Texas.
In this fascinating insider's account, Joseph M. "Jody" Grant, former chairman and chief executive officer of Texas American Bancshares, Inc. of Fort Worth (the seventh largest), tells the story of the collapse of Texas' major banks. He vividly re-creates the three-year struggle to save his own organization, Texas American Bancshares.
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This sobering account makes a compelling case against the FDIC's handling of Texas' financial crisis. In Grant's view, the bank failures have deprived Texas of the engine of capital that spawned the nation's third largest industrial economy, built Texas' major cities, bankrolled its entrepreneurs, and provided a pool of talented business and civic leaders.
Grant's book will be thought-provoking reading for everyone in the financial community, as well as for students of Texas history and of business and government relations.

Subject

Bibliography (note)

ISBN

0292727917 (alk. paper)

LCCN

96010331

OCLC

ocm34283289

Owning Institutions

Columbia University Libraries