It takes the average reader 7 hours and 31 minutes to read Anatomy of a Banking Scandal by Robert Pasley
Assuming a reading speed of 250 words per minute. Learn more
In the early 1990s, the First National Bank of Keystone in West Virginia began buying and securitizing subprime mortgages from all over the country, and quickly grew from a tiny bank with just $100 million in assets to over $1.1 billion. For three years, it was listed as the most profitable large community bank in the country. It was all a fraud. All of the securitization deals the bank entered into lost money. To hide that fact, bank insiders started cooking the books, and concealing that they were also embezzling millions of dollars from the bank. This was all hidden from the bank's attorneys and auditors, federal bank examiners, and even the board of directors of the bank. To keep the examiners at bay, the bank insiders did everything possible to avoid giving them access to documents they were entitled to see, documents they knew would sink their scheme. The head of the bank even went so far as to bury four large truckloads of documents in a ditch on her ranch. Robert S. Pasley explores the failure of the First National Bank of Keystone, the intrigue involved, and the lessons that could have been learned?and still can be learned?about how banks operate, how federal banking regulators supervise financial institutions, how agencies interact with one another, and how such failures can be avoided in the future.
Anatomy of a Banking Scandal by Robert Pasley is 444 pages long, and a total of 112,776 words.
This makes it 150% the length of the average book. It also has 138% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 10 hours and 16 minutes to read Anatomy of a Banking Scandal aloud.
Anatomy of a Banking Scandal is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
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