U.S Financial System

1) Discuss at least two major changes to U.S. banking laws in the 1990s. Explain how those changes have had a major impact on banks (consider the size and complexity of banks).

(2) How did the U.S. subprime mortgage crisis (2007-2008) turn into a global financial crisis? Discuss some major efforts by the G-20 countries to strengthen the financial system after the recent global financial crisis.