What freewheeling?

Sir Gillian Tett in “Bankers and bureaucrats seek a new philosophy” January 28, she mentions that “Western Governments… know they cannot return to the type of freewheeling world seen earlier this decade. What freewheeling is she speaking about? As far as I can see the current crisis is the direct consequence of the financial capitals having been concentrated so as to travel overly relaxed on some rigid AAA-tracks which led them over a precipice. I am absolutely sure that if capitals had really been freewheeling nothing like this sort of horrendous systemic crisis would have occurred.