This book investigates the significant transformations and challenges within the U.S. financial system during the late 20th century. Robert E. Litan, a recognized expert in financial economics, draws upon extensive data and analysis to explore the evolving landscape of financial institutions and markets. The work presents a framework for understanding the forces driving these changes and their implications for economic stability and growth.

This book is recognized as a significant contribution to the study of financial economics, offering a detailed analysis of the U.S. financial system's evolution. Experts in the field have noted its comprehensive scope and the author's insightful commentary on regulatory and market dynamics. The work is considered a valuable resource for understanding the complexities of modern finance.