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Whirlwind: The Butcher Banking Scandal [Hardcover]

Sandra Lea
3.5 out of 5 stars  See all reviews (2 customer reviews)

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Book Description

December 2000 1882194756 978-1882194759
The true story of brothers, Jake and C.H. Butcher Jr., who rose from the poor rural countryside of Union County in the mountains of East Tennessee, to become masters of a multi-billion dollar banking empire.

Their lives of wealth and the power it bought created a whirlwind of greed and lavish spending rarely seen in today's world.

At the height of Jake Butcher's reign as chairman of the Knoxville's World's Fair, the house of Butcher fell like a house of cards, culminating in the third largest banking failure in our nation's history.

Hundreds of individuals and institutions were ruined in the Butcher debacle fanning a dismal decade of suicides and destruction, along with prison terms for the Butcher brothers and their associates.

Now, released from federal prison and under a sentence of bankruptcy for life, the brothers are "Back on top again," mastering million dollar deals and billion dollar dreams on borrowed money and borrowed time.

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Customer Reviews

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Most helpful customer reviews
5.0 out of 5 stars Great informational resource April 29 2004
By A Customer
Frankly, I feel I just have to dispute the above negative review(s).
I have severe reservations about writing a public review myself, but having re-read the book a second time, I simply feel it is my civic duty at this point to do so. I just cannot justifiably let this go without investing my own 2¢ into the pot. The review that I most question was OBVIOUSLY made by someone who has a personal interest in this ONGOING saga, and who also OBVIOUSLY has a personal interest in discrediting this author's integrity. To each his own, I guess... We all have our opinions. Some of us are just a bit more objective than others about this "situation" involving these present-day ECONOMIC TERRORISTS. Yes, I said it - ECONOMIC TERRORISTS!!! That's all they are. C.H. Butcher may be dead and gone, but some of the remaining characters are still on the prowl among us. This is something everyone in America should be aware of... that there ARE enemies among us... and these smooth-talking people, with thier corruption, contempt, and total disregard for the law and all moral standards (not to mention thier ***continuing*** antics) cost us ALL in the long run. How many more VICTIMS must lose thier life savings to these guys before they are finally stopped? How many more innocent "investors" must be stomped on before someone stomps back? This book is an education to all about the true evils that lurk among us. True, "Whirlwind" is not Stephen King fiction... its not supposed to be.... its not intended as entertainment... This is a ***real life*** horror story. There are no talking aardvarks or child ghosts with death bells ...
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2.0 out of 5 stars Whirlwind Feb. 22 2004
By A Customer
I agree with the previous reviewer. Where was the editor? And not all of the author's information is correct. Lincoln Memorial University's old gym is Mary E. Mars gym and the new arena is named the Tex Turner Arena - neither named for the Butcher's. This is an incredible story as I remember the rise and fall of this family - however, the Knoxville News Sentinel's reports were better written and more accurate than this book and that's a shame. The book is not inexpensive, either.
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Most Helpful Customer Reviews on Amazon.com (beta)
Amazon.com: 4.3 out of 5 stars  9 reviews
11 of 14 people found the following review helpful
2.0 out of 5 stars I can't believe it's not better! June 22 2001
By Sam L. Clapp - Published on Amazon.com
Sandra Lea's book is--at times--entertaining and informative. It certainly has the veneer of believablilty to those of us who lived through the collapse of the banking empire of Jake and CH Butcher back in the early '80's. There are NO sources cited, however--no notes, no references, no biliography, nothing--that might lend this book some historical credibility. Clearly, much of the book's material comes from court records--I can't fathom that anyone would speak so stiltedly to another human being in an interview--but which court? Whose trial? The book is packed with essentialy unusable information from a research standpoint, because none of it is backed up with hard evidence. Who is this Sandra Lea? She has not included anything in the book that might establish her credentials. Why has she written this book? Is she a financial researcher? A local historian? A former depositor with a personal vendetta?
Worse, Lea's writing jumps through the history it discloses most haphazardly. First it's 1973, then 1982, then 1984. We read passages from before the 1982 World's Fair, then the subsequent fall of the Butchers in 83 and 84, then jump back to have a scene of Jake wooing exhibitors for the Fair. It's as if she never had an editor look over the work, as if she simply wrote down everything she found out. It's such a SHAME, too! The story is so interesting, so naturally dramatic on its own, that, written well, this book could be of interest to everyone in the US, rather than merely the targeted local Tennessee population that its typesetting, printing, and binding belie.
1 of 1 people found the following review helpful
5.0 out of 5 stars A blockbuster chocked full of TRUTH IS STRANGER THAN FICTION! Dec 17 2011
By S. Loy - Published on Amazon.com
This book epitimizes the old saying that "truth is stranger than fiction". The Butcher banking scandal rocked all of east Tennessee and the entire banking world. The precursor to the banking scandals of the last decade...this is a story which has to be read, remembered, and should be required reading in every business school in the world! Lea is a 5 star author!
5.0 out of 5 stars Whirlwind -- WOW Oct. 27 2013
By Scotty Kilbourne - Published on Amazon.com
Verified Purchase
Bought the book for a birthday present. It arrived earlier than I expected. The book tells a very interesting story and the person I bought it for is really enjoying it. Thanks.
5.0 out of 5 stars IF you want to know the low down on Jake and his family, this book tells what really happened. June 21 2013
By Pinkyrose - Published on Amazon.com
Jake Butcher and his brother, C.H., were total crooks. Ms. Lea did a grand service by writing about the crimes they committed. Both men should have been put under the jail.

Old C.H. went on to his reware, but Jake continues to live off the cash he stole from "widder women." Unless you were one of the people he defrauded, you can never quite understand how evil he is.

Eveyone should read this book and ask, "How did these men get total control of a town?"

Sandra's skill at research cannot be matched.
5.0 out of 5 stars Awesome Feb. 25 2012
By Amazon Customer - Published on Amazon.com
Verified Purchase
This book is awesome. It is a great history of the rise and fall of the Butcher family. I personally hate that the Butcher family was involved in this scandal, but the book is an excellent history.
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