In legislating for this matter, we must be acutely aware that the eyes of those on whose behalf we legislate are upon us. I do not use these words lightly. We have had the banking collapse. This, in the eyes of those whom we represent, was avoidable. The irresponsible lending engaged in by the banks was driven purely by greed. The recklessness and negligence displayed by the banking sector in this country crossed the threshold of legality and caused the collapse of our economy.

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