cover image Overdrawn: The Bailout of American Savings

Overdrawn: The Bailout of American Savings

Michael A. Robinson. Plume Books, $10.95 (320pp) ISBN 978-0-452-26695-7

American Savings, formerly a small Southern California savings-and-loan, was a juggernaut worth $30 billion when its parent company filed for bankruptcy in 1988; a portfolio comprised of billions in bad debt was revealed. ``In a disquieting tale of corporate greed and government neglect, journalist Robinson . . . places the crisis-triggering deregulation within a larger context of economic mismanagement,'' said PW. (Nov.)