Wall Street stands alone as America's pre-eminent financial 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 persistently? 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. These solutions, while not quick, easy, or cheap to implement, will help make Wall Street become the sound, consistent, and efficient financial authority it is meant to be, making this book a must read for anyone concerned about a healthy financial future.