Who ultimately got stuck with the bad debt? THE TAXPAYER. SO it was the government forcing banks to loan money to irresponsible deadbeats that caused the trouble - the banks were just the instruments that the government used.
Again. Do you think that the banks forced these deadbeats to borrow money they couldn't or more to the point never had any intention of paying back? This is like blaming the gun for the crime. It's the criminal that commits the crime.
The govt did not force the banks to make allthose loans. They made them because they made hundreds of thousands of dollars and shipped all the risk to someone else.
And who facilitated the transfer of that risk? Why the liberals, with heavy financial support from the bank executives.