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The Cover-Up de George Junior Marti

The Cover-Up

Autor George Junior Marti Ilustrat de Taama Marti (Bachelor's Degree in Chemical Engineering from Ohio State in Columbus Ohio) Forasiepi
en Limba Engleză Paperback – 4 dec 2015

In this satirical comedy, Pierre LeBlanc sets the stage for the financial crisis of the 1980's. Using his wit and sense of humor he shows us the follies which lead to the Savings and Loan debacle.

Ignace Boudreaux and his nephew Pierre are on a journey through the "Washington Bingo Dome" to discover the whereabouts of the missing Lafite Savings capital. It has disappeared Ignace has to solve this mystery and save the little town of Lafite, Louisiana.

A financial crisis began in the late 1970's with inflation at 15-17% and interest rates from 16-20%. Government actions are the primary cause of inflation in any country.

Financial institutions who had lent money long term at 6% to 8% were paying 14% to 16% for savings, which gave them a negative cash flow of 8% on their total assets. No lender can sustain this situation for an extended length of time."

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Specificații

ISBN-13: 9780692595220
ISBN-10: 0692595228
Pagini: 122
Dimensiuni: 127 x 203 x 7 mm
Greutate: 0.13 kg
Editura: Sans Soucie Studio

Notă biografică

George Marti joined the Navy as a radio operator during World War II. Later, he studied Chemical Engineering and graduated from Ohio State University in 1951. As a certified professional engineer, he worked in the Far East as the Managing Director of sales for Infilco, Inc. where he negotiated directly with Ministerial and Presidential foreign officials. He was a native of Warren, Ohio and longtime resident of Covington, Louisiana. He cultivated a wonderful sense of humor and inspired many people throughout his life. After five years working in Hong Kong, China, he returned home to the USA and started several successful businesses in mud logging, oil and gas investment, marine cleaning, pharmaceuticals, real estate, and land development. He engineered and built several neighborhoods and complexes in the New Orleans and North Shore area including LaCombe Harbor, Sailboat Bay Apartments, and Madisonville on The Lake. He was an avid tennis player and at one time, ranked 7th in the Southern Senior Singles. His love of knowledge propelled his curiosity of how systems, society, and government influences our lives. He authored the "Pierre LeBlanc" books, "The Great Crash" and "The Cover-Up" as a manifesto to explain how the 1986 tax law affected millions of Americans.