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Belly Up : The Collapse of the Penn Square Bank, by Phillip L. Zweig
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The sensational true story of how one obscure Oklahoma City bank failed--and almost took the entire American banking system with it.
- Sales Rank: #606300 in Books
- Published on: 1985-12-09
- Released on: 1985-12-09
- Original language: English
- Number of items: 1
- Dimensions: 13.00" h x 8.28" w x .18" l,
- Binding: Hardcover
- 500 pages
From Publishers Weekly
Wall Street Journal reporter Zweig details how the Oklahoma City Penn Square Bank went under. PW recommended Mark Singer's account of the same events in Funny Money unless "the reader's appetite is for unembellished facts, presented in plain prose, of events that are of themselves exciting."
Copyright 1986 Reed Business Information, Inc.
Most helpful customer reviews
0 of 0 people found the following review helpful.
Great book
By JP
As a banker who began is career after 1982 it was good to read this bit of bank history. If we do not know our history we are doomed to repeat it.
11 of 11 people found the following review helpful.
Unbelievable that this could happen
By David C. McLary
Belly Up is the story of how a small bank located in a strip mall in Oklahoma City could cause the collapse of the giant Contentinal Illinois Bank, and the weakening of Seafirst, Chase and MichNat. Spanning locations from the gas fields of Oklahoma, the halls of Congress, a boardroom in Chicago, and the parking lot in front of Penn Square Bank, Zweig does an admirable job of weaving this saga through apt characterizations of the major players involved in this debacle. The effects of this bank's failure continue to be felt 20 years later and have shaped the banking industry as we know it today.
5 of 5 people found the following review helpful.
Belly Up: This is where America is heading in 2006
By cyclone
Though this book relates to the oil crash in the 80's and the financial destruction of Oklahoma, more importantly, it demonstrates what is about to happen all over America. Read this book, folks, and realize; IT CAN HAPPEN HERE. (and will)
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