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What Went Wrong with Savings and Loans

Journalist James O'Shea is former chief economic correspondent for The Chicago Tribune. His book, "The Daisy Chain," is a case history of what went wrong with the Savings and Loans in this country. It looks at an S&L in Vernon, Texas owned by Don Dixon who was recently sentenced for defrauding regulators, illegally spending depositors' money, and other misdeeds.

14:03

Other segments from the episode on April 4, 1991

Fresh Air with Terry Gross, April 4, 1991: Review of Eduardo Galeano's book "The Book of Embraces"; Interview with Edwardo Galeano; Interview with James O'Shea; Review of Joni Mitchell's album "Night…

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