[msandford]

So who is at fault for loaning money to what everyone knows is "a clientelist corrupted state if there ever was one"?

Surely not the borrower? I mean, historically, for basically all time, it was the job of banks to say "no" to borrowers who were not good credit risks. That was their job, first and foremost, not to lose the principal.

In the last decade or two for some reason they decided that preserving their principal wasn't the primary goal, "returns" were.

I don't think it's surprising that people who historically have not been given enough rope to hang themselves suddenly get more rope and are expected to know that the world has changed. They don't.