This is an excellent article that gets to the crux of the issue: other people’s money. And, I can't help but delve one level deeper. Who's money were the bank

This is an excellent article that gets to the crux of the issue: other people’s money. And, I can't help but delve one level deeper. Who's money were the banks playing with? Pension funds, mutual funds... in other words, funds in which the ordinary taxpayer had his/her money. Whom did the taxpayer bail out? His/her own money - which they "invested" in these funds/banks for safekeeping without sufficient knowledge of the risks. Unfortunately, we haven't learned our lesson either. We still like to allow others to manage our money and risks for us.