4.The 1980 Depository Institutions Deregulation and Monetary Control Act (DIDMCA) and 1982 GarnSt. Germain Depository Institutions Act (DIA) eliminated interest ceilings on deposits and gave banks 3 and saving institutions new liability and asset powers, followed by a savings and loan crisis lasting for more than 10 years. a) The DIDMCA and DIA, together with the interest rate environment in 1980s, pushed many saving and loan associations to the brink of insolvency and bankruptcy. Explain why. (4 points) b) Many people blamed the banking regulators, including the deposit insurers, for accentuating the crisis. How did regulator accentuate the crisis? (4 points)