Street fighters: the last 72 hours of bear stearns, the toughest firm on wall street

Street fighters: the last 72 hours of bear stearns, the toughest firm on wall street

Author
Kelly, Kate
Publisher
Penguin Group US;Portfolio
Language
English
Year
2014
ISBN
9781101057056,110105705X
File Type
epub
File Size
252.7 KiB

The acclaimed New York Times bestseller—an explosive, inside look at the demise of a Wall Street giant The fall of Bear Stearns in March 2008 set off a wave of global financial turmoil that rippled around the world. How could one of the oldest, most resilient firms on Wall Street go so far astray that it had to be sold at a fire sale price? How could the street fighters who ran Bear so aggressively miscalculate so completely? Expanding with fresh detail from her highly praised front-page series in The Wall Street Journal, reporter Kate Kelly captures every sight, sound, and smell of Bear’s three final days. She also shows how Bear’s top executives descended into civil war as the mortgage crisis began to brew. A breathtaking piece of US history, Street Fighters is essential reading for anyone looking to understand the 2008 financial crisis—and for understanding how the actions of one Wall Street firm have affected the world to this day.

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