How did further deregulation of the financial industry during the Bush administration help to set the stage for the worst economic downturn since the Great Depression?
A. The largest U.S. banks could now take very risky moves while borrowing and investing billions of dollars.
B. The largest U.S. banks could no longer borrow and invest freely, thus slowing the economy down immensely.
C. The smaller U.S. banks were now free to spend and invest as they pleased, but inexperience led to many poor decisions.
D. Rules and regulations for all banks in the U.S. became far too stringent, causing banks to decrease loan grants to the American people.
Answer: A
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