I’ve been meaning to do reviews of a couple of books, but the task of writing my own book means that I need to get rid of distractions (of course, it also means I’m even more tempted by every distractoin that comes along). Anyway, I thought I’d just give a recommendation and very quick summary for two of them.
Street Fighters: The Last 72 Hours of Bear Stearns, the Toughest Firm on Wall Street by Kate Kelly has a self-explanatory title. At the time, the failure of Bear Stearns seemed sure to be the biggest financial event of 2008, if not the whole decade. A little over a year later, it’s still interesting to read a blow-by-blow account of the collapse. I doubt if we’ll ever get anything like this for the October meltdown – even with this isolated case, it’s a bit hard to keep track of the varied cast of characters.