What effect did firrea have on the prior regulations

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Reference no: EM131981109

The Savings and Loan crisis of the late 1980s is discussed in the book - a bit. The Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) and the Garn-St. Germain Depository Institutions Act of 1982 (GSGDIA) contributed to the crisis. How?

The Financial Institutions Reform, Recovery, & Enforcement Act of 1989 (FIRREA) was passed in response to the crisis.

What effect did FIRREA have on the prior regulations? Are there any similarities between the S&L crisis and the latest financial crisis?

Reference no: EM131981109

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