I think that the time tested methods of lending money should never have been violated.
Giving credit to less than worthy debtors was a big mistake. Then to further compound it by charging "usuary rates of interest" has made a terrible situation for them.
As a businessman of 45 years, I have a hard time feeling compassion for these wolves. The marketplace is there to make things happen. When you take off the gloves and allow the banks to do as they please, you see what happens.
I am almost of the mind to let the market work. Let those fail who cannot get out of this mess. If I as an indiviidual find myself in a mess like this, it is those seemingly endless phone calls or bankruptcy
I am almost of that mind because if we allow 50 percent of the banks to fail, the remaining wolves will have no reason to do business right without restrictions that will control the market place. This puts more government controls back on as it used to be.