Can I read Financial Origami : How the Wall Street Model Broke on EtoBox?

Financial Origami : How the Wall Street Model Broke by Moynihan, Brendan is a book available to read on EtoBox.

What is Financial Origami : How the Wall Street Model Broke about?

"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

Author

Moynihan, Brendan

Publisher

Bloomberg Press, an imprint of Wiley

Published

2011

Language

EN

ISBN

9781118030318

Subjects

Engineering, Finance, Economics