The conversation between human and AI assistant.
What are the advantages and disadvantages of deregulation?
How has deregulation affected the banking industry?
In the United States, the deregulation of the banking industry in the 1980s led to an increase in competition and the creation of new financial products. However, it also contributed to the 2008 financial crisis, as banks engaged in risky lending practices that ultimately resulted in widespread financial instability. Would you like more information about this topic, or is there something else you would like to know?