Pooka--
That is surely part of the truth, but is it the whole truth?
You blame GREED of the money guys, and surely they were greedy.
But greedy money guys don't lend out money that they have little to no chance of getting back. The government, therefore bears some responsibility for demanding that these loans be made, and then guaranteeing them.
How about full accountability from everyone?

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags