Failure of Wall Street: How and Why Wall Street Fails - And What Can be Done About it Book

all Street stands alone as America's preeminent finan-cial institution, serving the world's largest economy's needs for capital, risk management, and advising. Why then does it continue to fail in these roles so miserably? Through personal experiences and anecdotes, Erik Banks shows how Wall Street continues to make mistakes in raising capital, granting corporate and personal advice, managing risk, and acting as a trusted fiduciary. All is not lost, however. There are ways to address these problems, and The Failure of Wall Street explains what they are. By fostering greater deregulation and competition, creating more transparency, and implementing stronger oversight procedures, it is possible to stem the tide of failures. These solutions, while not quick, easy, or cheap to implement, will help make Wall Street become the sound, consistent, and efficient financial expert it is meant to be, making this book a must read for anyone concerned about a healthy financial future.Read More