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There have been more than just a few books that have been published recently that have chronicled the worst global financial crisis since The Great Depression; some of the books have been well documented but confusing to most people not familiar with financial jargon or economic terms; others tell a compelling story, but don’t provide substantial documentation to validate their claims.
The 2008 collapse of leading Wall Street investment house Bear Stearns showed the world just how rickety the global financial system had become. William D. Cohan tracks the firm’s dizzying rise and rapid collapse. His access to Bear Stearns insiders is the book’s strongest point. He offers a trenchant analysis of its decades-long rise and a definitive account of its final days. Cohan paints textured portraits of Bear’s top people, though he isn’t especially interested in translating their Wall Street jargon for lay readers. He lets his sources speak in their own patois. getAbstract recommends this book to business history buffs, investors and managers seeking perspective on a spectacular failure.