New Delhi, Aug. 20 -- The United States could face another major financial crisis before the end of President Donald Trump's second term, in case his government continues to weaken financial regulation and supervision, former Federal Deposit Insurance Corporation (FDIC) chairman Martin J Gruenberg has warned.

In his latest opinion piece published in The Economist, Gruenberg argues that Trump administration was repeating the mistakes of the past by weakening financial oversight and reducing the workforce of agencies responsible for monitoring risks.

Gruenberg recalls the three major threats to the United States' financial system since the Second World War: the savings-and-loan crisis of the 1980s, the global financial crisis of 2007-09, ...