Banks partly to blame due to the crony capitalists making deals with the government. Some of the other banks though were forced into the situation of making high risk loans due to the strong arming by the government (Dodd-Frank anyone?). Both contributed to the situation.
Crony capitalism is not capitalism. It is borderline fascism, where there is some negotiating with the crocodile to get eaten last. NO DAMMIT, YOU KILL THE CROCODILE!
Dodd-Frank was Post ‘2008
Here is what conservatives have to be willing to accept
The welfare state in America is no longer welfare going down the poor in the inner cities or rural America, it is the billions of dollars that go to Wall Street, big energy (being old oil companies or new solar companies) and defense contractors who have enriched everyone inside the beltway
The corporate welfare state is NOT conservative and is a result of the gov’t hand in the economy. However the beneficiaries of this control the levers of power in America.