http://www.alternet.org/economy/145782/how_did_a_bank_lobbyist_score_the_top_bank_regulator_job?page=entire
That year, Congress ordered the Treasury to conduct a study on deposit insurance--the federal program that makes sure you don't lose all your money if your bank fails. Under Dugan's direction, the study ballooned into a nearly 750-page book that is perhaps the single most boring manifesto for sweeping economic change that has ever been written. Published in 1991 under the mundane title Modernizing the Financial System: Recommendations for Safer, More Competitive Banks, Dugan's tome became known as the Green Book, and it established him as one of the earliest architects of the "too big to fail" economy.
With the Green Book, Dugan pushed dozens of policies that were ultimately enacted, but three stand out from the pack. His first objective was to allow banks to expand into multiple states without incurring additional regulatory oversight. His second, more radical goal was to allow relatively safe commercial banks to merge with riskier investment banks and insurance companies. And his third, most extreme initiative was to allow commercial firms--General Electric, Sears--to purchase a bank.
