[Review] Funny Money (Mark Singer) Summarized.

Funny Money (Mark Singer) - Amazon USA Store: https://www.amazon.com/dp/0618197273?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/0618197273/ #PennSquareBankcollapse #energyloansyndication #Oklahomaoilboom #systemicbankingrisk #Okiesmo #FunnyMoney Funny Money is a nonfiction account by Mark Singer that reconstructs the rise and collapse of Penn Square Bank, a small Oklahoma City institution whose aggressive energy lending helped expose major weaknesses in the American banking system during the early 1980s. Originally written from Singer’s reporting for The New Yorker, the book is less a technical banking manual than a vivid chronicle of how boom conditions, weak underwriting, and institutional overconfidence can combine into systemic failure. Its subject reaches beyond one failed bank: it shows how local speculation in oil and gas reverberated through larger banks that bought Penn Square loans and later suffered severe losses. The book is also notable for its attention to character, regional culture, and the psychology of dealmaking. Rather than treating the collapse as a simple fraud story, Singer presents it as a study of incentives, social ambition, and the unstable relationship between credit growth and apparent prosperity.