Month: February 2016

Trouble in the Oil Patch

This title is borrowed from a former partner, Arnold Danielson, who wrote a terrific history of modern American banking titled Consolidation of Banking.  Arnie devotes a chapter to Texas between 1985 and 1989, when a drastic decline in the price of oil from $37 to $10 per barrel (73% decline) devastated the domestic oil and gas…

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