For example, Asia has always run the letter type of model. Although Asian governments bore the brunt of responsibility for policy mistakes and lack of enforcement, it is quite clear that the Asian corporate sector created most of the risks that led to failure. It was the Asian corporate drive and paid the price. One could interpret the Western governments’ unwillingness to restrain their economies to expose their economies to excessive leverage and risks. As explained in the previous chapter, the cozy relationship between the policy makers and the risk takers was a common element in both crises.