This makes sense to me. We all want scapegoats, of course. Depending on our ideology/politics, we want to blame Freddie Mac, or the poor saps who took out the subprime loans, or the bankers who got bloated on profits, or Barney Frank, or Alan Greenspan, or a thousand other candidates.
The collective momentum of a culture is, for more or less everybody more or less all of the time, overwhelming. This is especially true for anything to do with economics. The evidence is clear: it is easy to mislead people about money, and easy to lead members of the public astray both individually and en masse, because when it comes to money, most of us, most of the time, don’t know what we’re doing. The corollary is also clear: the whole Western world misled itself over debt, and the road back from where we are goes only uphill.
And every one of the above persons or institutions had a hand in the debacle. Indeed, we all, you and I, had a hand in this. Yet once this economic machine was put into gear and got rolling, almost nothing was going to stop it. "Collective momentum of a culture" indeed.
And nothing is going to stop the unraveling either, it seems. Or at least not anything I can think of. Or is it possible that we could all have a hand in the solution and the resolution? Work together, for God's sake?
That, my friend, will definitely take the work of a God in heaven. A miracle, in other words. Everyone, to your knees!