Bear-Trap: The Fall of Bear Stearns and the Panic of 2008
| Author | : | |
| Rating | : | 4.31 (784 Votes) |
| Asin | : | 1883283639 |
| Format Type | : | paperback |
| Number of Pages | : | 350 Pages |
| Publish Date | : | 2016-01-03 |
| Language | : | English |
DESCRIPTION:
A Front Seat Ride to the End Very well written, first person telling of the tip of the iceberg of the current financial mess. Pleasantly, the author does not waste our time grinding axes although he does point out some discrepancies where it comes to the Fed. The book moves quickly and is very helpful in understanding how we got into our cur. Insightful, but not of Bear Stearns Donald M. Fraser What I found interesting about this book is the complete lack of responsibility or culpability of a typical Wall Street trader in the financial collapse. Bill Bamber claims his firm was a "martyr for the sins of Wall Street" (chapter 10). That Bear Stearns was anything but a house of cards that employees were pro. Wait for a good book on Bear collapse - this is not it! Robert Heller My previous one-star review of this book was removed by Amazon, along with another one written by a different reviewer. So keep in mind that AMZN actively removes some reviews.I am a former (long time ago) Bear employee. While I will give credit (and one star) for the author's good explanations of Wall Street and
Bill Bamber, a senior executive at Bear Stearns, had a bird's eye view of just what happened inside Bear's offices and on the trading floor that led to the most sensational financial crisis of our times.
In a dramatic showdown with JP Morgan and the Fed, this is the tragic story of how fortunes were made and lost. Bill Bramber, a senior executive at Bear Stearns, had a bird's eye view of just what happened inside Bear's offices and on the trading floor that led to the most sensational financial crisis of our times.. Bear, Stearns & Co., a storied Wall Street firm with a maverick reputation, had endured many crises in its 85-year history. Nothing, however, could have prepared the firm for the sudden death spiral that would lead to its takeover for a pittance
So appropriate did I find the phrase, in fact, that it was the last thing I said to a co-worker, a friend who, because of the time he'd spent on a Navy attack sub, had acquired the nickname of Captain Nemo on the trading floor. And it started on Monday, March 10, 2008, the day that, in my mind, came to be known as the beginning of the end." . From the Publisher "You just can't make this shit upthere has never been a more appropriate description for a situation like the one I lived through beginning on Monday, March 10, 2008. And so perfect a summation of our situation was it that the phrase became something of a battle cry for the two of us as the days went by, a sort of inside joke that made the pain of our demise more bearable