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When Regulation Was Too Successful- The Sixth Decade of Deposit Insurance - A History of the Troubles of the U.S. Banking Industry in the 1980s and Early l990s (Hardcover, New)
Loot Price: R2,309
Discovery Miles 23 090
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When Regulation Was Too Successful- The Sixth Decade of Deposit Insurance - A History of the Troubles of the U.S. Banking Industry in the 1980s and Early l990s (Hardcover, New)
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The savings and loan crisis and the banking troubles of the 1980s
and early 1990s were not primarily due to fraud, deregulation,
inadequate supervision, overly exuberant lending, abrupt changes in
tax policies or a host of other short-term causes. All of these
factors certainly exacerbated and, in some cases triggered, the
problems of depository institutions. But the underlying fundamental
reason for the thrift crisis and banking troubles, argues banking
and financial analyst David S. Holland, was a form of excess
capacity that resulted from many decades of protection from the
rigors of competition and the marketplace. Dr. Holland shows that
the protection was due to geographical and product limitations and
a deposit insurance system that became focused on the prevention of
failures of individual institutions. By 1980, the depository
institutions industry was ripe for a severe culling--a culling that
legislators and regulators probably could have done little to
avoid, although they might have channeled and controlled it better.
How the government, the industry, and the public reacted to the
culling is an instructive and fascinating study in human nature for
all those concerned with banking policy and regulation.
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