<prompt> Translate the following text to EnglishUkiri wa hatua kwa hatua na wa kukataa wa serikali kwamba, licha ya uhakikisho wa awali, benki zilikuwa zimekaa juu ya kiasi kikubwa na cha muda mrefu cha mikopo isiyoweza kurejeshwa kwa awali imehakikishwa dhidi ya thamani ya ardhi ilisababisha mgogoro wa kutokuwa na imani.  <response>: The governments gradual and reluctant admission that, despite previous assurances, banks were sitting on staggering and long-concealed amounts of unrecoverable loans originally secured against land values caused an unprecedented crisis of confidence. 