Funny Money
Mark Singer
Houghton Mifflin Harcourt
<B><I>New York Times</I> Bestseller: The "grandly entertaining" true story of an oil boom, an Oklahoma City bank, and a chain of crime, corruption, and collapse (<I>Texas Monthly</I>).</B><br/>The Penn Square Bank, located in an Oklahoma City shopping mall, started raking in money in the late 1970s making high-risk loans in the energy industry&#8212;and then selling them to other banks. Then came the summer of 1982, when the whole thing collapsed and took a lot of uninsured depositors down with it, as well as causing major losses at financial institutions coast to coast&#8212;and eventually sending an executive to jail.<br/>In this book, <I>New Yorker</I> writer Mark Singer recounts the whole spectacular story and makes brilliantly (and hilariously) clear what actually happened and why. <I>Funny Money</I> represents both a unique moment in the history of American banking and a timeless tale of frenzied, reckless greed.<br/>"[Singer] tells the tale with wonderful verve. He...