A former senior managing director at Bear Stearns has announced that he is writing a book that details the events caused the collapse of the financial firm.
Reports reveal that the unpublished manuscript goes in heavy detail about what was going behind the scenes at the investment bank before it failed and was eventually bought out by JPMorganChase. However, the real juicy part of the story is that the anonymous author states that Goldman caused the firm's demise when a certain Goldman official sent an email stating that they will no longer act as the intermediary for Bear and its investors. As a result, the firm's stock was sold short and investors and creditors pulled money and debt off the books like Cabbage Patch dolls in the Christmas of '85.
I'm curious to read this book when it's officially released.
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