1. A Non-Partisan Perspective on Federalism
Other important concurrent State powers include the right to borrow money, establish courts, charter banks and other corporations, and enact and enforce laws necessary to carry out these powers (O'Connor, 1993, 65). ... He set into motion deregulation of the banking industry which caused major problems because federally chartered savings and loans that had earlier been required to place their loans in home mortgages, (a safe investment) could now invest their money more freely in riskier ventures. ... Lopez the Court struck down the Gun-Free School Zone Act of 1990 on the grounds that ...
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