In the context of the deregulation during the 1980s and 1990s, critics argued that laws such as the Glass-Steagall Act and the Securities Exchange Act represented an onerous government intrusion into the financial sector that:

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Critics of financial regulation during the 1980s and 1990s argued that laws like the Glass-Steagall Act stifled competition by imposing restrictions on the financial sector, limiting the ability of banks to engage in a broader range of financial services.

In the Context of the Deregulation During the 1980s and 1990s