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Shortfall: family secrets, financial collapse, and a hidden history of American banking

Book Cover
Average Rating
Publisher:
The New Press
Pub. Date:
Varies, see individual formats and editions
Language:
English
Description
The rollicking true story of a 1930s version of Bernie Madoff—and the building and loan crash he helped precipitate—in a wonderful work of narrative nonfiction by the Gustavus Myers book award winner

Shortfall opens with a surprise discovery in an attic—boxes filled with letters and documents hidden for more than seventy years—and launches into a fast-paced story that uncovers the dark secrets in Echols's family—an upside-down version of the building and loan story at the center of Frank Capra's 1946 movie, It's a Wonderful Life. In a narrative filled with colorful characters and profound insights into the American past, Shortfall is also the essential backstory to more recent financial crises, from the savings and loan debacle of the 1980s and 1990s to the subprime collapse of 2008.

Shortfall chronicles the collapse of the building and loan industry during the Great Depression—a story told in microcosm through the firestorm that erupted in one hard-hit American city during the early 1930s. Over a six-month period in 1932, all four of the building and loan associations in Colorado Springs, Colorado, crashed in an awful domino-like fashion, leaving some of the town's citizens destitute. The largest of these associations was owned by author Alice Echols's grandfather, Walter Davis, who absconded with millions of dollars in a case that riveted the national media. This book tells the dramatic story of his rise and shocking fall.

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ISBN:
9781620973035
9781620973042
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Grouping Information

Grouped Work IDce2a0cb6-c224-01f0-84de-785b98aa302f
Grouping Titleshortfall family secrets financial collapse and a hidden history of american banking
Grouping Authoralice echols
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2024-04-21 07:10:14AM
Last Indexed2024-04-21 03:38:51AM

Solr Fields

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0
accelerated_reader_reading_level
0
author
Echols, Alice
author_display
Echols, Alice
available_at_catalog
Central
Sylvan Oaks
detailed_location_catalog
Central
North Highlands-Antelope
Sylvan Oaks
display_description
The rollicking true story of a 1930s version of Bernie Madoff—and the building and loan crash he helped precipitate—in a wonderful work of narrative nonfiction by the Gustavus Myers book award winner

Shortfall opens with a surprise discovery in an attic—boxes filled with letters and documents hidden for more than seventy years—and launches into a fast-paced story that uncovers the dark secrets in Echols's family—an upside-down version of the building and loan story at the center of Frank Capra's 1946 movie, It's a Wonderful Life. In a narrative filled with colorful characters and profound insights into the American past, Shortfall is also the essential backstory to more recent financial crises, from the savings and loan debacle of the 1980s and 1990s to the subprime collapse of 2008.

Shortfall chronicles the collapse of the building and loan industry during the Great Depression—a story told in microcosm through the firestorm that erupted in one hard-hit American city during the early 1930s. Over a six-month period in 1932, all four of the building and loan associations in Colorado Springs, Colorado, crashed in an awful domino-like fashion, leaving some of the town's citizens destitute. The largest of these associations was owned by author Alice Echols's grandfather, Walter Davis, who absconded with millions of dollars in a case that riveted the national media. This book tells the dramatic story of his rise and shocking fall.

format_catalog
Book
eBook
format_category_catalog
Books
eBook
id
ce2a0cb6-c224-01f0-84de-785b98aa302f
isbn
9781620973035
9781620973042
itype_catalog
Adult Book Non-Fiction
last_indexed
2024-04-21T10:38:51.495Z
lexile_score
-1
literary_form
Non Fiction
literary_form_full
Non Fiction
local_callnumber_catalog
364.1624 D265ze 2017
owning_library_catalog
Sacramento Public Library
owning_location_catalog
Central
North Highlands-Antelope
Sylvan Oaks
primary_isbn
9781620973035
publishDate
2017
publisher
The New Press
recordtype
grouped_work
subject_facet
Commercial crimes -- Colorado -- Case studies
Davis, Walter Clyde
Embezzlement -- Colorado -- Case studies
Savings and loan associations -- Corrupt practices -- Colorado -- Case studies
United States -- History -- 1919-1933
title_display
Shortfall : family secrets, financial collapse, and a hidden history of American banking
title_full
Shortfall : family secrets, financial collapse, and a hidden history of American banking / Alice Echols
Shortfall Family Secrets, Financial Collapse, and a Hidden History of American Banking
title_short
Shortfall
title_sub
family secrets, financial collapse, and a hidden history of American banking
topic_facet
Business
Commercial crimes
Corrupt practices
Davis, Walter Clyde
Embezzlement
History
Nonfiction
Savings and loan associations

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