13 June 2009

Letter from Lhasa, number 108. (Bamber 2008): The Fall of Bear Stearns

Letter from Lhasa, number 108. (Bamber 2008): The Fall of Bear Stearns

by Roberto Abraham Scaruffi


Bamber, B., and A. Spencer, The Fall of Bear Stearns, Brick Tower Press, New York, NY, USA, 2008.

(Bamber 2008).

Bill Bamber,

Andrew Spencer



(Bamber 2008) is an insider's useful account on how Bear Stearns, the US fifth-largest investment bank, was collapsed, expropriated and liquidated, between March and May 2008, from JP Morgan with FED complicity.


Hank Paulson, from Goldman Sachs, was Secretary of the Treasury.


“Five minutes after Bear was officially left for dead and had been purchased by JP, the Fed announced that they would be opening what is called the discount window to every investment bank in the country as a way of forestalling any future bank runs.” (Bamber 2008, p. 135)


What made even more evident that Bear Stearns had been purposefully targeted from “the government”, or from who/which controlled it.



Bamber, B., and A. Spencer, The Fall of Bear Stearns, Brick Tower Press, New York, NY, USA, 2008.