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Home Q & A Board Humanities History
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Logan Logan
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6 years ago
How did deregulation contribute to the financial crisis of 2008?
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By the People: A History of the United States, AP Edition

By the People: A History of the United States, AP Edition


Edition: 1st
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#1
6 years ago
Three major changes were made in such regulations. First, the strict distinction between the activities banks and investment houses could engage in was eroded by the repeal of certain provisions of the 1933 Glass-Steagall Act. Second, government policy encouraged the granting of mortgages to low-income households. Finally, banks and other financial institutions changed the way they treated mortgages as investment vehicles.
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