Alan Greenspan
Photo Credit: Corbis
1980s
New mortgage laws in the United States allow for higher interest rates and a greater range of products. Many of these target borrowers with bad credit.
1986
Prime Minister Margaret Thatcher's 'Big Bang' deregulates London's financial industry.
1987
Alan Greenspan is appointed Chairman of the Federal Reserve in the United States. He will become the most influential figure in the global economy.
