Скачать или смотреть Bear Stearns: The $30 Billion Collapse That Was Just the Beginning

March 13th, 2008. 8:47 p.m. A conference call was happening that would change Wall Street forever.
Bear Stearns' board of directors sat on the line, listening to their CEO explain how their 85-year-old company was about to run out of cash. Not in six months. Not in six weeks. In 48 hours.
One board member was calling in late. Not because he was dealing with the crisis. But because he was busy playing bridge at a professional tournament in Detroit.
His name was Jimmy Cayne. He was the chairman of Bear Stearns. And he'd just placed fourth in the tournament.
Three days later, Bear Stearns would be sold to JPMorgan Chase for $2 per share. A year earlier, the stock traded at $172. Shareholders would lose $18 billion. 15,000 employees would lose their jobs. And Wall Street would realize something terrifying.
If Bear Stearns could collapse in a single week, any bank could.