Compare how lack of regulation impacted both the 1929 crash and the 2008 economic crisis

This is a very controversial topic because the causes of
the 2008 crisis are not completely agreed upon.  The task force set to study this by the
US government recently released three separate reports because the members could not
agree on the causes of the crisis.

It is generally believed
by historians that a lack of regulation of banks, in particular, helped cause the crash
of 1929.  Banks were able to take their depositors' money and use it to invest in the
stock market.  This helped to overinflate stock prices and it helped to make the banks
extremely weak when the stock market crashed.

Some people
who have studied the 2008 crash believe that it came about because of insufficient
regulation of the mortgage industry and, perhaps, the financial industry.  They believe,
for example, that better regulation of the mortgage industry would have prevented the
bad loans that later became "toxic."  However, this is a controversial position that is
not accepted by all.

To some people, then, both the 1929
and 2008 crises were caused in part by a lack of government regulation of one part of
the financial industry or another.