Released on: October 13, 2008, 5:58 am

Press Release Author: Trish Stevens / Marian LaSalle

Industry: Financial

Press Release Summary: Bear Trap - The Fall of Bear Stearns and the Panic of 2008
(Brick Tower Press, New York) is a book that every individual, especially those in
the financial quarters, should read.

Press Release Body: Houston, TX, October 13, 2008 -- We are in the year of economic
panic. It suddenly seems to be the 'norm' for highly regarded and respectable
financial giants to cease doing business, whether forced to do so by bankruptcy or
takeover. As we all know, Lehman Brothers filed Chapter 11 Bankruptcy, and Merrill
Lynch has been bought by Bank of America. Such was the case with Bear Stearns - a
company that had ridden the storm many, many times in its 85-year history, yet it
took just a few days, an increasing sense of panic, and a critical email to bring
this
magnificent giant to its knees.

Bear Trap - The Fall of Bear Stearns and the Panic of 2008 (Brick Tower Press, New
York) is a book that every individual, especially those in the financial quarters,
should read. There is no doubt this book is controversial; The publisher released
the book a week early due to the swelling market panic - and understandably so given
the fact that the author, Bill Bamber, was a senior executive of Bear Stearns.
Written with the help of Andrew Spencer, the author takes the reader on a
step-by-step, downward spiral of this giant corporation that began March 10, 2008
through its final demise and takeover. The book predicts the fall of Lehman
Brothers and Merrill Lynch and describes the transactions leading to their demise.
The public will get to be on the "inside" and get the true facts from someone in the
know whether the company was, in reality, financially finished or was it all a big
rumor-mongering, manipulative ploy to allow a far-sighted predator to make a
killing? A lot of the unanswered questions about the downfall of this historical
institution get answered, and the reader gets to feel the fear of every action that
took place in the offices of this corporate giant during its final days. In a
business based on confidence - it is evident that when the confidence fades so does
the business.

This book tells it all and places the blame where it rightly belongs. It imparts the
anguish of employees when the reality sets in that they have lost it all - giving
them no choice but to accept that "The Bear was dead." In light of what is
happening in the global, financial
community today - this book is a must-read! www.beartrapbook.com
Press Release Submission By PressReleasePoint(http://www.pressreleasepoint.com)

Contact:

Trish Stevens / Marian LaSalle
ASCOT Media Group, Inc.
1120 Nasa Parkway, Suite 220
Nassau Bay, TX 77058
(281) 333-3507
tstevens@ascotmedia.com
marian.lasalle@ascotmedia.com
http://www.ascotmedia.com
http://www.www.beartrapbook.com

Web Site: http://www.ascotmedia.com

Contact Details: Trish Stevens / Marian LaSalle
ASCOT Media Group, Inc.
1120 Nasa Parkway, Suite 220
Nassau Bay, TX 77058
(281) 333-3507
tstevens@ascotmedia.com
marian.lasalle@ascotmedia.com
http://www.ascotmedia.com
http://www.www.beartrapbook.com