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Book Review
| From Buildings and Loans to Bail-Outs: A History of the American Savings and Loan Industry, 1831–1995. By David L. Mason. (New York: Cambridge University Press, 2004. xii, 349 pp. $50.00, ISBN 0-521-82754-X.)
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| This book presents an overview of the important, but little-studied, savings and loan industry. It will be of interest to historians of business, finance, and regulation, as well as cultural and social historians concerned with such issues as home ownership among working Americans. |
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Breadth is both the strength and the weakness of this monograph. It sweeps though history, constructing a concise well-organized account of the main trends that shaped the savings and loan industry for more than 160 years. An added source of breadth is David L. Mason's good decision to focus on the industry instead of taking the more constraining focus on individual firms, a practice more common in business history. As a bonus, he includes in an appendix extended case studies of one successful and one unsuccessful savings and loan. |
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