[PDF] The Rise and Fall of Bear Stearns Full Collection - video dailymotionBelow are the available bulk discount rates for each individual item when you purchase a certain amount. Register as a Premium Educator at hbsp. Publication Date: March 06, Industry: Financial Services. Source: Kellogg School of Management. Rumors had swirled around Bear ever since two of its hedge funds imploded as a result of the subprime housing crisis, but time and again, the scrappy Bear appeared to have weathered the storm. Parr's efforts to find a capital infusion for the bank had resulted in lengthy discussions and marathon due diligence sessions, but one after another, potential investors had backed away, scared off in part by Bear's sizable mortgage holdings at a time when every bank on Wall Street was reducing its positions and taking massive write-downs in the asset class.
[PDF] The Rise and Fall of Bear Stearns Full Collection
More remarkable by far than the fact that he was in the office on a Sunday is what he was doing: participating in a meeting of the board of directors to discuss selling the company he had worked decades to build for a fraction of what it had been worth as little as ten days earlier. In less than a week the value of Bear Stearns had diminished by tens of billions of dollars. As Greenberg recalls, "our most unassailable assumption—that Bear Stearns, an independent investment firm with a proud eighty-five-year history, would be in business tomorrow—had been extinguished. What was it, exactly, that had happened, and how, and why? After joining Bear Stearns in , Greenberg rose to become formally head of the firm in Greenberg offers an honest, clear-eyed assessment of how the collapse of the company surprised him and other top executives, and he explains who he thinks was responsible. This is a candid, fascinating account of a storied career and its stunning conclusion.
Wall Street—according to former Bear Stearns CEO Alan "Ace" Greenberg—used to be a gentlemanly place where Midwestern boys made good, partners carpooled together to downtown offices, and the keys to success simply meant selling poor-performing stocks quickly. Greenberg puts forth this utopian history in his new book, The Rise and Fall of Bear Stearns, which he co-wrote with Mark Singer following the collapse of the storied bank. There Greenberg talked about his regrets, his beef with mortgage brokers, and the reasons why financial reform is unnecessary. Do you regret anything about your time at Bear Stearns? No, I don't. There's very little in my whole life that I'd do over again.
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