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Chargement... Bear-Trap: The Fall of Bear Stearns and the Panic of 2008par Bill Bamber
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Inscrivez-vous à LibraryThing pour découvrir si vous aimerez ce livre Actuellement, il n'y a pas de discussions au sujet de ce livre. This book takes a look at the collapse of Bear, Stearns in early 2008 from an insider's standpoint; namely, that of a "senior managing director." Bill Bamber, as he notes in the book, was about one step below the top levels on the firm, but within the top 500 or so employees. He was not directly involved in the events that led to the collapse, but he does have some insight into what went wrong. In essence, he seems to blame a lack of risk management and situational awareness at Bear, Stearns, with some CEO-level issues. He also thinks (not without reason) that Bear, Stearns was the subject of attack-rumours that led to the liquidity crisis that did it in. One significant thing in this book's favour is that the author does a good job of explaining abstract concepts in easily graspable terms. The author does have a tendency to show off with assorted literary and historical references, some of which are apropos, some of which are a stretch. And he was not directly involved, as noted, in the affairs that led to the collapse. But it is a very good account of what it felt like at the "shop floor" level. ( ) aucune critique | ajouter une critique
Bear, Stearns & Co. is 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 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. Aucune description trouvée dans une bibliothèque |
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Google Books — Chargement... GenresClassification décimale de Melvil (CDD)332.0973Social sciences Economics Finance Biography And History North America United StatesClassification de la Bibliothèque du CongrèsÉvaluationMoyenne:
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