hi doma,
they are us.
a government in a democracy is made up of the people's representatives.
so they have to make the hard choices on behalf of the electorate.
but actually, what could a polish government have done to stop us banks making sub-prime loans to us citizens?
because lending gone mad due to the massive expansion of collateral security instruments is the source of the issue. and of course, the demand for those instruments derived from the market. and that demand was satisfied partly as a result of lax borrowing requirements for banks.
the truth is, the cosy but toxic back-scratching arrangement between governments and financial institutions is the heart of the issue.
that is what needs fixing most of all. so when is that going to change?
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