Financial Origami: How the Wall Street Model Broke
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.
What people are saying - Write a review
Review: Financial Origami: How the Wall Street Model BrokeUser Review - Ben - Goodreads
A fascinating read. Probably the fairest description of the complexities of the recent financial crisis that I have seen. The book does a good job of laying out the array of people, companies ... Read full review
Review: Financial Origami: How the Wall Street Model BrokeUser Review - Ryan Teoh - Goodreads
I like: The simplicity of its narrative. I love: The way the chapters are organised :) Read full review
The Three Derivatives
Fold Sides to Center Again
Rules Refold Rave Ruin
Low Volatility Low Risk
Pull Head to Suitable Angle
Whats Wrong with Wall Street?
GovernmentSanctioned CreditRating Agencies