he Garn-St. Germain Depository Institutions Act of 1982 (Pub.L. 97-320, H.R. 6267, enacted 1982-10-15) is an Act of Congress, that deregulated the Savings and Loan industry. This Act turned out to be one of many contributing factors that led to the Savings and Loan crisis of the late 1980s.^{[1]
THIS ACT EFFECTIVELY REPEALED THE GLASS STEAGALL ACTS AND IF YOU FOLLOW THE CRISIS LINK ABOVE YOU WILL SE WHAT A DISASTER IT WAS TO DO THAT SEE REASONS FOR KEEPING GLASS STEAGALL BELOW}