Relying on a broad array of records used together for the first time, Panic in the Loop reveals widespread fraud and insider abuse by bankers - and the complicity of corrupt politicians - that caused the Chicago banking debacle of 1932. Eight decades later little has changed. Panic in the Loop calls for the abolition of secrecy that permeates the bank regulatory system, which would have prevented the Enron fiasco and the financial meltdown of 2008.own purposes, forming a strategic alliance between the utility empire builder and the political banker. ... He was the head of a public utility monopoly providing gas and electricity to 4, 500, 000 customers. ... Before the stock market crashed in 1929, his personal fortune had reached $150 million on paper (a net worth about anbsp;...
|Title||:||Panic in the Loop|
|Author||:||Raymond B. Vickers|
|Publisher||:||Lexington Books - 2011|