william a. macphee

Structured to Fail is a fact-based novel that examines the Eurodollar, Hedge Funds, and subprime financial disasters that led to the evaporation of $23 trillion in global wealth between 2006 and 2014, far exceeding the losses of the Great Depression. The subprime fiasco alone tanked the U.S. housing market, stock market and ultimately the global economy. Many believe that these dramatic events resulted from a banking conspiracy. In fact, it was a conspiracy of ignorance, stupidity, greed, and hubris at the highest levels of banks and governments. Wesley Stanton is a man on a mission. He predicted all three financial debacles and worked tirelessly to contain them and keep the American and world economy intact. Through him, you’ll learn about the inner workings of major corporations, banks, governments, and the Federal Reserve Bank in the face of the largest financial collapses in history. "Structured to Fail" is both a primer on financial management and a treasure trove of case studies for how investment banking should and should not be managed.