…showed first 75 words of 766 total…

…showed last 75 words of 766 total… the financial disruptions of the 1980s and in the problems that the 1990s inherited from the boom-and-bust period. This view is rooted in the traditional argument that unregulated and competitive banking is inherently unstable in the absence of government supervision. In the context of liberalization in the 1980s, the removal of binding portfolio constraints permitted banks and other depositories to adopt more riskier investment and loan portfolios, including the adoption of high loan-to-value ratios.