>It’s a hard realization of how little clue so many people have about so much of the way the financial system works, and who would actually be impacted by these

>It’s a hard realization of how little clue so many people have about so much of the way the financial system works, and who would actually be impacted by these losses. I think it's a little insulting to assume these people just don't understand the system. I think you have to nearly totally politically ignorant to not understand why people would feel this way. I don't know how you don't see the irony of complaining that ex-McKinsey founders shouldn't have to do due diligence on their bank, but that 18 year olds "know what they signed up for" and should have known that student loans were un-bankruptable. Many of the VCs who are now going hat in hand to Yellen are the same who opposed any sort of socialization. Why wouldn't that cause resentment?