Deregulation of the banking industry contributed to the collapse of the mortgage industry,which contributed to the economic downturn that began in 2008.

Question

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The deregulation of the banking industry led to an increase in risky lending practices, such as subprime mortgages, which ultimately contributed to the collapse of the mortgage industry. This, in turn, triggered a financial crisis that spread to other sectors of the economy and led to the great recession of 2008.

Deregulation of the Banking Industry Contributed to the Collapse of the Mortgage