Pure greeds causes the banks and ING to lend money indiscriminately and when people cannot afford to pay back loans, the disaster starts. The banking and financial system must develope a regulation system to protect its reserves and the money of investors.It is a shame that America, being a rich and powerful country, faces financial meltdown.
The Americans must repent for what they do and act fast to install precautions in banking system so that it won`t repeat the same mistake it makes now.
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