The book must has been vetted by a slew of lawyers and watered down so much that it's hardly worth reading. There are four fascinating points of financial history when it comes to Bear: Their refusal to contribute to the LTCM rescue, the meltdown of their sponsored mortgage hedge funds, how they "woke up" one morning to "find" $30 billion in toxic assets that eventually had to be guaranteed by the Fed and finally how through various mistakes, increased their sales price from $2 to $10 a share. All these are glossed over in a few pages each. More detail can be found in Sorkin's "Too big to fail". Instead, we get page after page criticising Jimmy Cayne who was, in fact, hired and promoted by Ace, was his bridge partner and shared his car every morning. Don't bother.
An interesting book from an actor clearly in the middle of the Bear Stearns world. The book is insightful and really lets you into the extent of the constant machinations of certain investment bankers. The environment is really cut-throat and people are really ruthless.
Greenberg just cant help but make snide remarks at one particular character throughout the book.