![[Review] Funny Money (Mark Singer) Summarized.](https://episodes.castos.com/660078c6833215-59505987/images/2534584/c1a-085k3-dmd5ozd7b7nn-hk82hi.jpg)
Show Notes
Funny Money (Mark Singer)
- Amazon USA Store: https://www.amazon.com/dp/B005468552?tag=9natree-20
- Amazon Worldwide Store: https://global.buys.trade/Funny-Money-Mark-Singer.html
- Apple Books: https://books.apple.com/us/audiobook/arthurs-funny-money/id1441511566?itsct=books_box_link&itscg=30200&ls=1&at=1001l3bAw&ct=9natree
- eBay: https://www.ebay.com/sch/i.html?_nkw=Funny+Money+Mark+Singer+&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5339060787&customid=9natree&toolid=10001&mkevt=1
- Read more: https://english.9natree.com/read/B005468552/
#PennSquareBank #Oklahomaenergyboom #Loanparticipations #Energylendingconcentration #Bankingoversight #FunnyMoney
Funny Money is Mark Singer’s nonfiction account of Penn Square Bank, the small Oklahoma City institution whose 1982 failure reverberated through American banking. Written by a longtime New Yorker staff writer, the book combines financial reportage, social observation, and satirical portraiture. Its subject is not merely a failed bank but a boom-era system in which aggressive energy lending, abundant optimism, loose professional standards, and trust among larger financial institutions reinforced one another. Singer explains how a bank located in a shopping mall became deeply involved in financing oil and gas ventures and in distributing associated loans to other banks. The collapse therefore exposed risks far beyond its modest physical setting. The book’s purpose is explanatory as well as cautionary: it makes the mechanics and culture of an institutional failure intelligible through the conduct of the people and networks surrounding it. Its enduring interest lies in showing that financial crises are often created not by one spectacular act alone, but by ordinary incentives, untested assumptions, and oversight that arrives too late.
- Amazon USA Store: https://www.amazon.com/dp/B005468552?tag=9natree-20
- Amazon Worldwide Store: https://global.buys.trade/Funny-Money-Mark-Singer.html
- Apple Books: https://books.apple.com/us/audiobook/arthurs-funny-money/id1441511566?itsct=books_box_link&itscg=30200&ls=1&at=1001l3bAw&ct=9natree
- eBay: https://www.ebay.com/sch/i.html?_nkw=Funny+Money+Mark+Singer+&mkcid=1&mkrid=711-53200-19255-0&siteid=0&campid=5339060787&customid=9natree&toolid=10001&mkevt=1
- Read more: https://english.9natree.com/read/B005468552/
#PennSquareBank #Oklahomaenergyboom #Loanparticipations #Energylendingconcentration #Bankingoversight #FunnyMoney
Funny Money is Mark Singer’s nonfiction account of Penn Square Bank, the small Oklahoma City institution whose 1982 failure reverberated through American banking. Written by a longtime New Yorker staff writer, the book combines financial reportage, social observation, and satirical portraiture. Its subject is not merely a failed bank but a boom-era system in which aggressive energy lending, abundant optimism, loose professional standards, and trust among larger financial institutions reinforced one another. Singer explains how a bank located in a shopping mall became deeply involved in financing oil and gas ventures and in distributing associated loans to other banks. The collapse therefore exposed risks far beyond its modest physical setting. The book’s purpose is explanatory as well as cautionary: it makes the mechanics and culture of an institutional failure intelligible through the conduct of the people and networks surrounding it. Its enduring interest lies in showing that financial crises are often created not by one spectacular act alone, but by ordinary incentives, untested assumptions, and oversight that arrives too late.
