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Back in Time

Breaking the Bank

Season 5 Episode 4 | 27m 51s

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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.

Aired: 05/04/16 | Rating: NR

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