Introduction and Summary 1
Background of the Act: Intellectual and Political History 17
The Intellectual History of the Federal Deposit Insurance Corporation Improvement Act of 1991 19
FDICIA: The Wheels Came Off on the Road through congress 33
Comments 42
Implementation of the Act: Key Regulations and Regulatory Proposals 51
FDICIA at One: A Troublesome Toddler at Best 53
Implementing FDICIA—An Interim Assessment 59
Comments 69
Comments 79
Two Views from the Policymaking Community 83
The Future of the Banking Industry 85
Capital Standards and the Performance of the U.S. Banking Industry 90
Responses to FDICIA: Banks and Regulators 105
FDICIA from the Bankers' Perspective: Too Much Medicine, Applied Indiscriminately 107
The Culture of Ad Hoc Discretion 113
Comments 122
Comments 126
Where To From Here? 133
Deposit Insurance: Bank to the Future 135
Some Thoughts on the Future of Banking "Reform" 141
FDICIA's Regulatory Changes and the Future of the Banking Industry 148
General Discussion 155