Boom-and-Bust of the Banking Industry in Texas

Discover the dramatic boom and bust of the Texas banking industry and the impact of deregulation. Learn key economic lessons.

Why do some people think that government should remove regulations and allow the open market to compete? What two presidents believed in deregulation of the Banking Industry? Give three things that Reagan's Deregulation Program did? According to the second to last bullet, the cost of the SL crisis was $1500 per each man, woman, and child. In the last bullet, to summarize, the crisis was caused by deregulation. This deregulation led to high interest rates and then a collapse. There was also inadequate capital (funds available) and defrauding the government agencies. According to the map. What three major cities were hit the hardest in Texas? In the discussion below, was Reagan right about deregulation of the federal government? Give examples why?