Indicate whether the statement is true or false and explain your answer. Investors in a REMIC face the same interest rate risk as do investors in the mortgages that underlie the REMIC.

It was purely coincidental that a significant increase in the rigor of bank regulation in the United States occurred at the same time that deposit insurance was introduced. Regulators and Congress responded to the financial crisis of 2008 by reducing the stringency of bank regulation to give financial institutions more breathing room to operate profitably.