{"product_id":"9781118001813","title":"Financial Origami How the Wall Street Model Broke","description":"\u003ch3\u003eBloomberg\u003c\/h3\u003e\u003ch1\u003eFinancial Origami\u003c\/h1\u003e\u003ch2\u003eHow the Wall Street Model Broke\u003c\/h2\u003e\u003ch3\u003eBrendan Moynihan\u003c\/h3\u003e\u003cdiv\u003e\u003cb\u003eBusiness \u0026amp; Economics \/ Finance \/ General\u003c\/b\u003e\u003c\/div\u003e\u003cbr\u003e\u003cdiv\u003e\n\u003cb\u003eAn in-depth look at the failure of Wall Street's \"proven\" financial models\u003c\/b\u003e \u003cp\u003eOrigami 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.\u003c\/p\u003e \u003cp\u003eIn 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eReveals how Wall Street's financial engineering business model morphed into something destructive\u003c\/li\u003e \u003cli\u003eHighlights how the origami model worked well in the comparatively stable years of the early 2000s, when there was less risk to transfer\u003c\/li\u003e \u003cli\u003eDiscusses how Wall Street began manufacturing risk by creating products that multiplied risk exposures and encouraged subprime lending\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWith 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.\u003c\/p\u003e\n\u003c\/div\u003e\u003cdiv\u003e  \u003cp\u003e\u003cb\u003eBRENDAN MOYNIHAN\u003c\/b\u003e 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 \u003ci\u003eTrading on Expectations\u003c\/i\u003e (Wiley) and coauthor of \u003ci\u003eWhat I Learned Losing a Million Dollars.\u003c\/i\u003e He lives in Barrington Hills, Illinois, with his wife and two sons, and is currently writing a book on English grammar. \u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ctable\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublication Date: \u003c\/td\u003e\n\u003ctd\u003e05 April 2011\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePublisher: \u003c\/td\u003e\n\u003ctd\u003eWiley\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eImprint: \u003c\/td\u003e\n\u003ctd\u003eBloomberg Press\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eISBN-13: \u003c\/td\u003e\n\u003ctd\u003e9781118001813\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFormat: \u003c\/td\u003e\n\u003ctd\u003eHardback\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePage Count: \u003c\/td\u003e\n\u003ctd\u003e192\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWeight (oz): \u003c\/td\u003e\n\u003ctd\u003e13.76\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/table\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":44315786543244,"sku":"9781118001813","price":25.16,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781118001813_9666f745-495c-462b-af61-d6e8e51af7b2.jpg?v=1780184541","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781118001813","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}