OT - Reagan's deregulation did cause the S&L crisis in the 80's

OT - Reagan's deregulation did cause the S&L crisis in the 80's: "many people that feel that the government should remove much
of the regulations placed on banks and allow them to compete on the
open market. Regulations, they feel, destroy the ability of banks to
make money, raises costs, lowers interest rates paid to depositors and
is not generally not good for the bank or the consumer. This was the
belief of the Carter and Reagan Administration's in the late 70's and
early 80's. The result of this rather laissez faire approach was a
period of deregulation. What is meant by deregulation is the removal
of, or lessening of government regulations restricting an industry.
Deregulation has effected many industries in recent years, including
banking. "

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