Financial History Issue 116 (Winter 2016) - Page 11

CONNEC TING TO COLLEC TIONS   tombstone in the Museum’s collection celebrates a mortgage deal with quotes such as, “An Evil Deal with Evil Mortgages. I Like it.” Deal toys still have their defenders, however. Writing for the Socializing Finance blog, Daniel Buenza, a lecturer at the London School for Economics, argues that deal toys are essential to the functioning of investment banks. He states that because of the fast-paced and competitive environment associated with closing deals, the teams of junior bankers assigned to do such hard work need these mementos to serve as motivation and to build team cohesiveness. The status-building prospect of collecting deal toys instills a sense of pride amongst employees. Regardless of how you view them, these creative objects offer unique insight into the culture of investment banking. The Museum of American Finance has in its permanent collection more than 300 examples of tombstones, the majority of which were received in a 2012 donation from Ed Murphy.  THE TICKER WALL STREET WALKS Sarah Poole is the Museum of American Finance’s Collections Manager. Sources Buenza, Daniel. “No more toys for the projectbased banking deal.” Socializing Finance: The Blog on the Social Studies of Finance. February 15, 2009. “Tracing the History of ‘Deal Toys’ from Lucite to Brass Balls.” TheStreet. January 10, 2015. Widdicome, Lizzie. “On Wall Street: Tombstones.” The New Yorker. November 10, 2008. Wall Street Walks takes visitors through the historic capital of world finance — the one-squaremile of downtown Manhattan known as “Wal