In the 1990s and 2000s regulation and restrictions on all kinds of banks were loosened in part because politicians wanted the wealth and jobs created by the financial sector itself.

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This is true. Many politicians saw the financial sector as a source of economic growth and wanted to attract more investment and job creation. This led to deregulation and loosening of restrictions on banks, which ultimately contributed to the financial crisis of 2008.

In the 1990s and 2000s Regulation and Restrictions on All