Can you give an example in the U.S. history about deregulation
of banks? And please describe...
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Economics
Can you give an example in the U.S. history about deregulationof banks? And please describe the likely (positive or/and negative)effect of your example on banking industry.
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Banks pursued deregulation in the 1980s to allow them to compete internationally with less regulated financial firms in the overseas regions Both were asking Congress to overturn the 1933 GlassSteagall Act This banned retail banks from using deposits to finance risky bond purchases This shielded investors from
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