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Funny Money

 
 
 
 
Funny Money
Author: Mark Singer
ISBN 13: 9780618197279
ISBN 10: 618197273
Edition: Reprint
Publisher: Mariner Books
Publication Date: 2004-06-17
Format: Paperback
Pages: 240
List Price: $14.95
 
 

Long-time New Yorker writer Singer narrates the rise and fall of Penn Square Bank, an Oklahoma City oil and gas broker, whose 1982 collapse staggered the US banking industry. He adds an afterword to this reprint of the 1985 book, putting the events in the context of later and all-too-similar ones. The essay lacks a table of contents, index, and bibliography. Parts of it originally appeared in The New Yorker. Annotation ©2004 Book News, Inc., Portland, OR

Publishers Weekly

An Oklahoma native and New Yorker writer, Singer tells the story of the Penn Square Bank, an Oklahoma City shopping-center bank whose 1982 multimillion dollar collapsebased on bad oil and gas loansthreatened the solvency of several national banks. This book ``does a brilliant job of explaining the fiasco,'' PW observed. (May)