Reagan Signs Garn-St Germain Act: Massive Thrift Deregulation
President Reagan signs the Garn-St Germain Depository Institutions Act in the Rose Garden, calling it “the most important legislation for financial institutions in the last 50 years.” The Act removes Depression-era constraints on thrift asset holdings, allows S&Ls to make high-risk …
Ronald Reagan
Jake Garn (R-UT)
Fernand St Germain (D-RI)
Chuck Schumer
Steny Hoyer
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deregulation
thrift-industry
regulatory-capture
reagan-administration
s&l-crisis
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