Archivists typically select around 5 per cent of organisational records,
such as board minutes, public statements and strategy papers, for long-term
preservation, according to Vicki Lemieux, an associate professor in
archival studies at the University of British Columbia. But, given the
repercussions and public importance of the crisis, she says: “The decision
on what records are retained shouldn’t be a technocratic function
undertaken by archivists alone, without some wider social consultation.”

It is not just academics who want to preserve the records. The European
Association for Banking and Financial History <http://www.eabh.info>, a
network of financial institutions, hopes to persuade bank boards to
preserve historically significant records. “The first step is to ensure the
important parts of the archive are kept. But, in due time [after closure
periods of perhaps 30-50 years] we hope the banks will make them accessible
to researchers,” says Ines van Dijk, a document specialist at the Dutch
central bank, who sits on an EABH committee looking at legislation
affecting finance archives.
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-- 
Peterk
Dallas, Tx
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"The problems of our economy have occurred not as an outgrowth of
laissez-faire, unbridled competition.
They have occurred under the guidance of federal agencies, and under the
umbrella of federal regulations."
Senator Ted Kennedy, in defending trucking deregulation in 1978.

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