That Lender's Side is beginning to look more and more attractive to me, but
of course there is competition there, everyone competing to see who can offer
the lowest rate, which is another reason that it turned me off.
And THAT is exactly the reason you need to protect the Lenders before you protect the Traders: the Lending game is a losing one by it's nature: competing to get the least amount of money you can; very ironic if you think about it. So whoever decides to risk his hard-earned cash should come before whoever decides to speculate with other people's funds.
On a side note, this used to be the attitude on Wall Street as well before the 90's, and we all know what happened when things changed.