> Wadhwa began by launching into the myriad recent sins of the financial industry: credit default swaps, a housing bubble, and widespread economic meltdown, for

> Wadhwa began by launching into the myriad recent sins of the financial industry: credit default swaps, a housing bubble, and widespread economic meltdown, for starters. The "financial industry" may not be a brotherhood of saints, but someone who is going to claim that CDS is inherently bad and the housing bubble and economic meltdown were the sole product of the "financial industry" clearly hasn't done his or her research. Sorry, but I see that as entirely true. When they say the industry I understand, the industry's giants along with smaller players. And the Industry Giants were the ones that gave Triple A to Lehman Brothers (Moodys, Fitch, S&P). Lehman was owning on toxic assets, Goldman Sachs made a hostile take over with the help of the US Gov, who choose to go against all sorts of neo-liberal preaching to save GS because it's too big to fail. I see that industry as inherently bad for the USA and our planet! And GS might be the worst example of corporate bullying, unethical acting and government infiltration (by far), but European banks are acting with the same disregard about anyone else except themselves. So I don't think it's not far-fetched to say that: The financial industry is the root of today's world trouble.