Belly Up
The Collapse of the Penn Square Bank
Random House Publishing Group · Print & ebook · August 12, 1986
No economist could have predicted that the Penn Square Bank, a small, obscure lender in an Oklahoma shopping mall, would become the instigator of a financial charade that would see billions of dollars in loans made on the basis of imaginary oil and natural gas reserves—just as a worldwide oil glut and the repeal of regulatory gas laws were about to pull the rug from under the Oklahoma energy boom.
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- Who it’s for
- Readers interested in the Penn Square Bank collapse and energy-era lending fraud
- Themes
- Banking fraud, Oil and gas speculation, Financial regulation
- Genres
- Banks & Banking, Economic History, Energy Industry
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No economist could have predicted that the Penn Square Bank, a small, obscure lender in an Oklahoma shopping mall, would become the instigator of a financial charade that would see billions of dollars in loans made on the basis of imaginary oil and natural gas reserves—just as a worldwide oil glut and the repeal of regulatory gas laws were about to pull the rug from under the Oklahoma energy boom.
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Belly Up tells this amazing true story with brilliant reporting, delicious detail, and an unbelievable yet all-too-real cast of characters, from the young geologist who convinced banks to invest lots of money in a huge new source of natural gas to the banker who became notorious for lending money to every con artist and wildcatter with a lease, a rig, and a dream. Praise for Belly Up “Belly Up merits a slot on any investor’s literary shelf as surely as it does a Pulitzer Prize!”—Financial World “Investigative reporting at its best.”—The Baltimore Sun
Where it sits
| Banks & Banking | 72% |
|---|---|
| Energy Industry | 50% |
| Economic History | 44% |
Percentages are BookFrontier’s reading of the book.
Publisher categories
- Interest & Rates
- Investing
- Financial Services
- Authors
- Phillip L. Zweig
- Publisher
- Random House Publishing Group
- Published
- August 12, 1986
- Format
- Print & ebook
- Theme
- Banking fraud · Oil and gas speculation · Financial regulation
- Reading lane
- Interest & Rates