Regular price: $34.99
Buy Now with 1 Credit
Buy Now for $34.99
This is the story of Bear Stearns. The narrator has a "fly on the wall" approach. I felt like I was in the room and getting to know all the players. I know very little about Wall Street but in this economy my interest in how the economy works (or doesn't work) has become very interesting to me and this book is very timely. After listening to this book, almost non-stop, I am starting to understand what is going on. I am sure I have enough knowledge to "predict" as well as the "CNBC" talking heads what is going on.
Anyway I highly recommend. I love books that read like novels---this one.
15 of 15 people found this review helpful
If you're looking for tales million-dollar coat racks, this isn't the book for you. Cohan has a produced a well-written examination of the managers and management which preceded the Bear Sterns crash. He expected to to find the cause of the 2008 meltdown there. Cohan tries that idea on, but it doesn't really fit; and he's too good a reporter to stick to a script that doesn't begin to explain the facts.
On the other hand, twenty years ago, I had a front-row seat to a similar financial implosion. The cast of characters was very familiar. The elemental forces of contracting credit seem to force people into certain roles.
But the reader will have to decide. This is not a book which pretends to have all the explanations. It does have an important story to tell, and tells it well.
14 of 14 people found this review helpful