The 2008 Crash: What Happened to All That Money?
Article Excerpt: "The 2008 financial crisis had its origins in the housing market...transforming mortgages into securities ...the latter 1970s, when politicians hoping to jolt a stagnant economy pushed deregulation. Over several decades, policymakers eroded Glass-Steagall separations. Most of what remained was repealed in 1999 by act of Congress, allowing big commercial banks, flush with the deposits of savers, to lumber into parts of the financial business that had, since the New Deal, been the province of the smaller, more specialized investment banks...."
Resource: www.history.com