He passed himself off in elections as a fiscal conservative, but per the account at Investopedia "The Great Inflation of The 1970s": "Malinvestment" is the key word David Stockman now uses in describing the unprecedented problems banks face today. Jeremy Siegel ( Stocks For The Long Run author) is quoted as rating this "the greatest failure of American macroeconomic policy" since the Depression. It isn't really a secret that bad energy company loans issued in the aberrant zero interest frenzy going back many years are a problem right now for banking.