The Federal Reserve promotes the safety and soundness of financial institutions like banks and monitors their impact on the financial system as a whole.
The 2007-10 crisis stemmed in part from an expansion of mortgages to high-risk borrowers
The 1999 Act promoted financial integration by repealing parts of the Glass-Steagall Act while giving the Fed new supervisory powers
The phrase “too big to fail” became commonly used for the first time after Continental’s crisis
The 1982 Act aimed to ease pressures on depository institutions as the Fed acted to curb inflation
During the 1980s, many Latin American countries were unable to service their foreign debt
The 1980s was a period of distress for the financial sector, especially savings and loans