Greenspan's way of doing things was to keep interest rates hovering at or below the rate of inflation. As we know, low interest rates have built up a huge credit market. There was a lot of commission dollars to be made during said credit market rise. Well, Enter "The Fall" of the credit market, as "everybody qualifies" lending reveals it's ugly head.
Result -> mass home foreclosures, vehicle repos, depreciating real estate, Bankrupt Corporations etc ad nauseam, is beginning to whoop or ass.
The government imposed, "fair lending" or "sub prime loan" entitlement, was doomed from the get go ! Of course the banks are gonna "tail up" following the lending of $ billions $ to people that, in the real world, couldn't qualify, let alone understand the terms of contract they had signed !
The ends of this manufactured mess (thank you government :thefinger) is the further advancement of socialism in Amerika. It's all by design, just apply some simple logic.