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Financial Origami: How the Wall Street Model Broke
     

Financial Origami: How the Wall Street Model Broke

2.2 4
by Brendan Moynihan
 

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An in-depth look at the failure of Wall Street's "proven" financial models

Origami is the Japanese art of folding paper into intricate and aesthetically attractive shapes. As such, it is the perfect metaphor for the Wall Street financial engineering model, which ultimately proved to be the underlying cause of the 2008 financial crisis.

In Financial Origami

Overview

An in-depth look at the failure of Wall Street's "proven" financial models

Origami is the Japanese art of folding paper into intricate and aesthetically attractive shapes. As such, it is the perfect metaphor for the Wall Street financial engineering model, which ultimately proved to be the underlying cause of the 2008 financial crisis.

In Financial Origami, Brendan Moynihan describes how the Wall Street business model evolved from a method to transfer risk into a method for manufacturing risk. Along the way, this timely book skillfully dissects financial engineering and addresses how it's often a mechanism to evade regulatory constraints, provide institutional investors with customized products, and, of course, generate revenue for financial engineers.

  • Reveals how Wall Street's financial engineering business model morphed into something destructive
  • Highlights how the origami model worked well in the comparatively stable years of the early 2000s, when there was less risk to transfer
  • Discusses how Wall Street began manufacturing risk by creating products that multiplied risk exposures and encouraged subprime lending

With the collapse of Lehman Brother the Wall Street business model effectively broke. But there are many lessons to be learned from what has transpired, and Financial Origami will show you what they are.

Product Details

ISBN-13:
9781118001813
Publisher:
Wiley
Publication date:
04/05/2011
Series:
Bloomberg Series , #140
Pages:
192
Product dimensions:
6.20(w) x 9.10(h) x 0.80(d)

Related Subjects

Meet the Author

Brendan Moynihan is an editor-at-large for Bloomberg News, where he manages the popular column "Chart of the Day" and writes about the economy and Wall Street. He has been with the company since 2006, after spending more than twenty years on Wall Street as a trader and risk manager. Moynihan is the author of Trading on Expectations (Wiley) and coauthor of What I Learned Losing a Million Dollars. He lives in Barrington Hills, Illinois, with his wife and two sons, and is currently writing a book on English grammar.

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Financial Origami: How the Wall Street Model Broke 2.3 out of 5 based on 0 ratings. 4 reviews.
Anonymous More than 1 year ago
After the financial crisis of 2008, I dedicated a block of time to reading as many books as I could so I could better understand the causes. This was the worst of the lot. Moynihan lacks any gift for prose or explanation whatsoever; his sentences veer from the convoluted to the non-sensical. Really get the sense that this is a trader's book, rather than a journalist's book. Thin on research and thinner on value. Would suggest you look elsewhere.
Anonymous More than 1 year ago
Seems werid and hrfhhfjchfnfnhieowpcb
Anonymous More than 1 year ago
Ggggggggghhhg
Anonymous More than 1 year ago