How Deregulation Gave Way to a Global Financial Collapse
Written By: Cal Burgess, Retirement Servicing Group PLLC Prior to 1980, there had not been a major financial collapse in the market since the Great Depression. Protective measures had been put in place to help shield investors from heightened periods of volatility. For example, commercial banks who received deposits for basic checking or savings accounts were prohibited from offering risky investments such as mutual funds. These were the days prior to adjustable rate mortgages and predatory lending. All of these measures were put into place...
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