Revolutionary changes are now taking place in the financial system. A structure put into place a half century ago, at the bottom of the Great Depression, is crumbling, and a new structure is rapidly taking shape. In part, these changes are deliberate but, in larger part, they result from the forces of economics and technology. The central question facing the federal government today is not whether change will or should continue but, rather, how to assure that the resulting financial structure will be one that best serves the public interest.
William M. Isaac,
The Role of Deposit Insurance in the Emerging Financial Services Industry,
Yale J. on Reg.
Available at: http://digitalcommons.law.yale.edu/yjreg/vol1/iss2/5