Quote:
Originally Posted by Ignitionnet
Government policies encouraged borrowing and loose fiscal management, the banks were satisfying a need and to do so behaved irresponsibly.
|
Lack of government oversight contributed greatly surely? It was the rampant capitalism and lack of common sense on the part of the banks, who pushed for as much money as possible while apparently being unaware that the value they were creating was non-existant and governments who didn't want to regulate their behaviour?
That's what I thought it was.