Bear Trap, The Fall of Bear Stearns and the Panic of - Kindle edition by Andrew Spencer, Bill Bamber. Download it once and read it on your Kindle device.
Table of contents
- Bear-Trap: The Fall of Bear Stearns and the Panic of 2008
- Bear-Trap: The Fall of Bear Stearns and the Panic of by Bill Bamber
- 2 editions of this work
- Refine your editions:
Nothing however could have prepared the firm's top leadership and pool of talented traders for the sudden death spiral that would leave the firm being taken over for a pittance. In one dramatic showdown with JP Morgan and the Fed this is the story of how fortunes were made and lost. The authors of Bear Trap describe what happened within Bear's walls and on the trading floor, events that resulted in the most sensational financial crisis of our times.
- Related Video Shorts (0).
- Multikulturalität in der Diskussion: Neuere Beiträge zu einem umstrittenen Konzept (Interkulturelle .
- .
- .
- .
They recount in detail the chain of events that led to the downward spiral - from both Bear's point-of-view and from the overall world financial marketplace's. They describe the securities manipulations that served to precipitate the credit crisis-those same securities we see in our IRAs and Ks. The authors reveal for the first time how foreign demand of US capital, too, played a role in the Bear's massacre, and they provide an insider's view of the unprecedented actions taken by the Treasury and Federal Reserve to avoid a world-wide financial crisis.
Nothing, however, could have prepared the firm for the sudden death spiral that would lead to its take-over for a pittance. In a dramatic showdown with JP Morgan and the Fed, this is the tragic story of how fortunes were made and lost. Anonymous, 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. Great read and would buy another book about the panic of And it started on Monday, March 10, , the day that, in my mind, came to be known as the beginning of the end.
Nothing however could have prepared the firm for the sudden death spiral that would lead to its takeover for a pittance. In a dramatic showdown with JP Morgan and the Fed, this is the tragic story of how fortunes were made and lost. Read more Read less.
Bear-Trap: The Fall of Bear Stearns and the Panic of 2008
Kindle Cloud Reader Read instantly in your browser. Product details File Size: May 17, Sold by: Related Video Shorts 0 Upload your video. Share your thoughts with other customers. Write a customer review.
Bear-Trap: The Fall of Bear Stearns and the Panic of by Bill Bamber
There was a problem filtering reviews right now. Please try again later. Kindle Edition Verified Purchase. The rating system requires that a reviewer give a book at least one star. A real shame because it is too generous with this book.
The author plays the victim card to the max. If only Bear Stearns received a capital injection all would be cured, says he. He completely overlooks the fact that the need for capital long pre-dated that last week plus of the firm's life.
2 editions of this work
He glosses over that fact as well as the implications of the stunning implications of the 37 to 1 debt to equity that Bear had before the world changed. It's someone else's fault that the firm failed? And his discussion about how the decline in mortgage related securities was at the core of Bear's problems completely ignores the fact that Bear was itself a major player in the creation, sale and investment in these toxic securities.
So, at the end of the day, Bear lost it's capital because it held toxic securities it should have known better about, it acquired it with great gobs of borrowed money and was thinly capitalized. No where do you see that in this mess of a book.
Refine your editions:
The conspiracy theory that Bear was prevented from dealing with others at the end of it's life - especially foreign buyers who could complement their overseas operations with Bear's US presence - is pathetic. Does anyone believe that the US government could have or would have done so with a foreign entity whose finances it was unfamiliar with? Since the sale had to be achieved quickly to ensure that the contagion didn't spread through the system, a foreign acquirer was almost per se incapable of getting anything done over a weekend.
Witness Barclay's desire to do something with Lehman in its last days, only to see it's own regulator say no. And the philosophical analogues in this book goes on for pages ad in finitim. There are many other books that gives the full picture of Bear and it's fate. This one is to be avoided. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway.
Set up a giveaway.
