When the Global Financial Crisis hit those in small business, actually every business, the biggest insult came when banks reacted to their alleged criminal and clearly pathetic practices on the back of almost no risk management. 

Banks cut lending, forcing governments to make taxpayers pay to make sure there was lending available. There were others reprehensibly asleep at the wheel.

The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement and heedless risk-taking by Wall Street, according to the conclusions of a federal inquiry.  NYT

The Report by the Financial Crisis Inquiry Commission set up by Congress:

The report, which was heavily shaped by the commission’s chairman, Phil Angelides, is dotted with literary flourishes. It calls credit-rating agencies “cogs in the wheel of financial destruction.” Paraphrasing Shakespeare’s “Julius Caesar,” it states, “The fault lies not in the stars, but in us.”

I cannot imagine anyone supporting what amounted to almost zero regulation. Where is the line between allowing those better qualified to push economies and exercising reasonable and effective control of institutions with the power to destroy it.

If any of the damned end up in jail, there will be few to shed a tear. Although I would suggest that banks seemed to get a hell of a lot more selective when it came to lending to franchises. Could that be deemed as an interest in risk management?