... and then disappeared into the crowd.
Why are we sitting back and allowing the gamblers and speculators to get away with this financial hit'n'run? Where's the forensic analysis of who ended up sitting on a pile of gains at our expense? - and for which we'll keep paying?
My belief is that the investment houses knew for many years that the continuous splitting of financial instruments was unsustainable - rumours had been circulating well before the meltdown that it was inevitable the whole flimsy pack of cards would have to come tumbling down (if only because it was becoming too administratively burdensome) - but the dealers knew that for every desperate new position they took, they were still raking a nice little commission regardless of the outcome. They might not get as big a performance bonus, but it would be enough to pay their exorbitant salaries in the meantime. If the writing was on the wall, why not go totally mental, keep playing "pass the toxic parcel" and hope you got out of there with enough feathers to cushion your cosy little nest egg before it all went tits up.
The truth we have to face up to is we're in a self-perpetuating tailspin and, regardless of politicians and financiers trying to talk us up (no doubt in the hope of dusting off their balaclavas and doing it all over again at some point in the future), no known strategies are going to work - not austerity, not even honesty. It's way too late for that - society is in exponential decay as our population explodes. I read yesterday that we'll have to produce as much food in the next 50 years as humankind has consumed in history to date.
An optimist by nature, I don't like to entertain or promote doom and gloom - someone either tell me I'm wrong or show me a platform I can rally behind.