Street Fighters
The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street
Book - 2009
Examines the company's final weekend as an independent firm and the corporate culture that led to the fall of one of Wall Street's biggest names.
Publisher:
New York : Portfolio, 2009
ISBN:
9781591842736
1591842735
1591842735
Branch Call Number:
332.66 KEL
Characteristics:
viii, 247 p. ; 24 cm



Opinion
From the critics

Community Activity

Comment
Add a CommentIn summation, a bear run on Bear by Chase, Goldman Sachs and Deutsche Bank sealed their fate [with the collusion of Geithner, of course] - - because they allowed themselves to be situated in a vulnerable position, open to financial attack. Bear had [if I recall correctly] $190 billion of external debt, with $2 trillion CDSes, or naked swaps, taken out on it, which might have yielded a payout out of 100 times that, far more than the Global GDP, or all the money in existence! There's that credit default swap again, thanks to Blythe Masters and JPMorgan Chase.