This is a little old, but it came across Hacker News Twitter this morning, and I hadn’t seen it previously. From the “CrimeReads” website: “The Rise and Fall of the Bank Robbery Capital of the World“.
The article is by Peter Houlahan, who also wrote Norco ’80: The True Story of the Most Spectacular Bank Robbery in American History (previously mentioned in this space).
Summary: why was LA the bank robbery capital of the world? Answer: banks, cars, freeways, and cocaine.
Why did LA stop being the bank robbery capital of the world? Answer: the banks tightened up security (they couldn’t care less about the money that was being taken at gunpoint, but when staff started quitting and filing worker’s comp claims for PTSD, and when customers started suing, that got their attention), and the virtual abolition of parole in the Federal system.