Breaking the Bank
Season 5 Episode 4 | 27m 51s | Video has closed captioning.
Penn Square Bank was a small suburban with close to 30 million in assets. Then an oil boom in the Anadarko Basin of Oklahoma generated a flood of oil men looking for loans. Overnight Penn Square Bank grew to a bank with assets of close to half a billion dollars. However, reckless lending would lead to a catastrophic downfall that would bring down some major banking institutions of the time.
Problems Playing Video? | Closed Captioning