1. A Non-Partisan Perspective on Federalism
... chartered savings and loans that had earlier been required to place their loans in home mortgages, (a safe investment) could now invest their money more freely in riskier ventures. Many gambled on questionable commercial ventures and the S&L industry went unsupervised. As a result, many went out of business (O'Connor, 1993, 78-80). The U.S. federal system has five basic characteristics: (1) it provides division ... but conflicts over states' rights vs. national power have arisen throughout American history: 1886 (Wabash, St. Louios & Pacific Railway Co. v. Illinois), the Court ruled that...
- Word Count: 1442
- Approx Pages: 6
- Has Bibliography