The Clinton administration in the 1990s contributed to the economic crisis that began in 2007 by ________.
A) allowing predatory lending
B) allowing commercial banks to function like investment banks
C) expanding the derivatives market
D) using low interest rates to initiate a housing boom in which prices rose far faster than income

Question

Quizplus · Accepted Answer

The Clinton administration contributed to the economic crisis by repealing the Glass-Steagall Act, which allowed commercial banks to engage in investment banking activities, increasing financial risk and contributing to the crisis.

The Clinton Administration in the 1990s Contributed to the Economic