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Broke, Not Broken: Homer Maxey’s Texas Bank War (American Liberty and Justice)

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Description

A Homeric hero in an epic foreclosure battle
 
Homer Maxey was once a war hero, multimillionaire, and pillar of the Lubbock, Texas, community. All the way through the post-World War II boom, he filled the West Texas horizon with new apartment complexes, government buildings, hotels, banks, shopping centers, and subdivisions.
            At the afternoon of February 16, 1966, executives of Citizens National Bank of Lubbock met to launch foreclosure proceedings against Maxey. In a secret sale, more than 35,000 acres of ranch land and other holdings were divided up and sold for pennies At the dollar. By closing time, Maxey was once penniless.
            Maxey sued the bank and each and every member of the board of directors, including long-time friends and business partners. Almost fifteen years, two jury trials, and nine separate appeals later, the case was once settled on September 22, 1980.
            Broke, Now not Broken, the tale of this record-breaking, precedent-setting legal case, illuminates a community and a self-styled go-getter who refused to back off, even if his opponents were old friends, well-heeled leaders of the community, a bank backed by tough Odessa oil men, and essentially the most formidable attorneys in West Texas.
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