> So yeah, when the entire industry comes to the government and says "unless you bail us out right now our entire industry will collapse, but you're definitely

> So yeah, when the entire industry comes to the government and says "unless you bail us out right now our entire industry will collapse, but you're definitely going to save us because we're too big to fail," then yes, it means it's their fault. The public may have been complicit, but it's not the public's job to keep the financial industry healthy when the profits from that industry are kept privately. The point is that complicity provides the avenue to allow people to tell themselves a story of how the banks weren't the largest part of the problem.