Donald Trump Blames Crisis On Divine Intervention

Missing in all of this is what our goal is. Is it to just rebuild the financial architecture that already failed, to go back to status quo ante, to put the same bankers and institutions that betrayed their customers and investors back in business? The goal should not be to revive financial markets as they have been but to remake them. As Nobel-winning economist Joe Stiglitz explains, “The failure of our financial system to do what it is supposed to do matches in destructive grandeur the macro-economic failures of the Great Depression.”

The flip title of this article is not as silly as you might think. The general attitude amongst the regulators and the financial bigwigs is that the crisis is a totally un-anticipatable, "act of God," and therefore they bear no personal responsibility. As long as this remains the situation (and the public keeps buying it), we won't be able to right the ship.