... . One of the main reasons of this explosion was that US president at that time Ronald Reagan choose the former CEO of Merrill Lynch, Donald Regan as his treasury secretory (Mandel, 2004). This step really brought economic and politic powers together and was the beginning of deregulation era. In 1982 president R. Reagan approved regulation allowing savings and loan companies to make ... ...

• Word Count: 2663
• Approx Pages: 11
• Has Bibliography
• Grade Level: Undergraduate