answersLogoWhite

0


Best Answer

NO!!!! Bill Clinton Signed legislation on November 12, 1999 that repealed the Glass-Steagall Act that previously regulated the banks.

=========================================================================================

In December 1982, President Ronald Reagan signed the Garn-St. Germain Depository Institutions Act. This Act removed statutory restrictions on real estate lending, and relaxed limits on how much could be lent to any one borrower.

In February 1989, President George H.W. Bush signed the Savings & Loan bailout bill, formally the Financial Institutions Reform Recovery and Enforcement Act (FIRREA). This bill also modernized the charters of the two government sponsored entities, Fannie Mae and Freddie Mac, with an eye to making them more effective in spreading home ownership to low and moderate income families.

Source: RightwingRhetoric101.com

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Did Reagan deregulate the bank industry?
Write your answer...
Submit
Still have questions?
magnify glass
imp