{"product_id":"financial-origami-brendan-moynihan-9781118001813","title":"Financial Origami","description":"\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\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Brendan Moynihan\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1118001818\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781118001813\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Bloomberg Press\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 03\/18\/2011\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 192\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.86lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.24h x 6.26w x 0.72d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eChoice\u003c\/i\u003e 04\/01\/2012","brand":"Brendan Moynihan","offers":[{"title":"Hardcover","offer_id":48484275192063,"sku":"9781118001813","price":27.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_56349252-761a-4d95-a178-2cf34448845e.jpg?v=1778043340","url":"https:\/\/www.whiterainbookhouse.com\/products\/financial-origami-brendan-moynihan-9781118001813","provider":"WR Book House","version":"1.0","type":"link"}