The U.S. government's lack of regulation alone caused the banking crisis and collapse of banks that had been in business for several decades.

Question

Quizplus · Accepted Answer

The banking crisis was caused by a combination of factors, including but not limited to the lack of regulation by the U.S. government. Other contributing factors included irresponsible lending practices, over-leveraging, and the housing market collapse.

The US Government's Lack of Regulation Alone Caused the Banking Crisis