Bush Administration - Changes in the U.S. Government
Changes in the U.S. Government
Bush, in line with his conservative philosophy and with his eight years as vice president, made few changes to the federal government. The largest regulatory shift in Bush's tenure was the revamping of the nation's banking system in response to the savings-and-loan crisis. The savings-and-loan bailout legislation that Bush signed soon after coming to office dissolved the agencies in charge of regulating the thrifts and created a new agency, the Resolution Trust Corporation, to oversee the closing of banks that had become insolvent.
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