Thanks for the mention !
The Banks absolutely knew what was going on and just didn't care. They knew nothing would happen to them and the ones that were "too big to fail" knew they'd get a taxpayer bailout.
It's always been the same, the last one was nothing knew. It always follows the same cycle. Regulations are always reactionary, we let everything get into a huge mess and fail before we put regulations in place, once it's too late.
And then later on we relax the regulations again to "encourage growth" and the whole exploitation cycle starts all over.
It's a sad fact that not many people understand what happened the last time, it's only us that are 'in the industry' that do. The average person in the street had no idea how close we came to a global financial collapse, or what caused it.
Oh well, here's looking forward to the 2021 crash ! :-)
Yet most people ignore this and I do not know why. Guess that is how it is. Thanks for the input.