MARC Record from Library of Congress

LEADER: 02840cam a2200373 i 4500
001 2010049551
003 DLC
005 20111202143415.0
008 101123t20112011njua b 001 0 eng
010 $a 2010049551
020 $a9781118001813
040 $aDLC$beng$cDLC$erda$dDLC
042 $apcc
043 $an-us---
050 00 $aHG176.7$b.M69 2011
082 00 $a332.601$222
084 $aBUS027000$2bisacsh
100 1 $aMoynihan, Brendan,$eauthor.
245 10 $aFinancial Origami :$bHow the Wall Street Model Broke /$cBrendan Moynihan.
260 $aHoboken, New Jersey :$bBloomberg Press, an imprint of Wiley,$c[2011], ©2011.
300 $axvii, 170 pages :$billustrations ; 24 cm
336 $atext$2rdacontent
337 $aunmediated$2rdamedia
338 $avolume$2rdacarrier
504 $aIncludes bibliographical references (pages 153-156) and index.
520 $a"An in-depth look at the failure of Wall Street's "proven" financial models Origami is the Japanese art of folding paper into intricate and aesthetically attractive shapes. As such, it is the perfect metaphor for the Wall Street financial engineering model, which ultimately proved to be the underlying cause of the 2008 financial crisis. In Financial Origami, Brendan Moynihan describes how the Wall Street business model evolved from a method to transfer risk into a method for manufacturing risk. Along the way, this timely book skillfully dissects financial engineering and addresses how it's often a mechanism to evade regulatory constraints, provide institutional investors with customized products, and, of course, generate revenue for financial engineers. Reveals how Wall Street's financial engineering business model morphed into something destructive Highlights how the origami model worked well in the comparatively stable years of the early 2000s, when there was less risk to transfer Discusses how Wall Street began manufacturing risk by creating products that multiplied risk exposures and encouraged subprime lending With the collapse of Lehman Brother the Wall Street business model effectively broke. But there are many lessons to be learned from what has transpired, and Financial Origami will show you what they are"--$cProvided by publisher.
650 0 $aFinancial engineering.
650 0 $aFinancial risk.
650 0 $aSecurities industry$zUnited States.
650 0 $aGlobal Financial Crisis, 2008-2009.
856 42 $3Cover image$uhttp://catalogimages.wiley.com/images/db/jimages/9781118001813.jpg
856 42 $3Publisher description$uhttp://www.loc.gov/catdir/enhancements/fy1106/2010049551-d.html
856 41 $3Table of contents only$uhttp://www.loc.gov/catdir/enhancements/fy1106/2010049551-t.html
856 42 $3Contributor biographical information$uhttp://www.loc.gov/catdir/enhancements/fy1107/2010049551-b.html