Unions and Money

Here is the website I found my article
http://www.businessweek.com/globalbiz/content/aug2007/gb20070821_057707.htm

The article describes how the European Trade Unions Confederation freaked out at the internal market commissioner because of the financial crisis of regulating hedge funds. Hedge funds, "are entangled in the subprime mortage sector in the US, where loans ate given to home-buyers with poor credit histories." The ripple effect resulted in hedge funds not being able to make their payments due to banks. Trade unions, "argue that these funds are motivated only by profit so workers rights are forgotten and the social fabric of societies is undermined." I think the unions make a solid point about respecting the employees. Also, the issue of all these loans being given out, the banks are liable, in my point of view. Isn't is the bank's fault for not looking at their credit and whether of not the individual is able to pay.