Increasingly, there are those who believe that a system utilizing Federal deposit insurance and government regulation and supervision can not persist for long. A key question is whether government policy should continue to push the financial system along the lines of separating the deposit and lending functions of banks, or attempt to maintain their current role in offering deposit and lending functions with Federal deposit insurance. A crumbling bank. By Ronnie J. Phillips Dr. Phillips is professor of economics, Colorado State University, Fort Collins. Copyright of the publication is the property of the publisher and text may not be copied without the express written permission of the publisher except for the imprint of the video screen content or via the print options of the software.
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