>Is the understanding of the financial crisis really this poor? Yes. One of the great tricks of this disaster (as in most financial crises) is that the powers

>Is the understanding of the financial crisis really this poor? Yes. One of the great tricks of this disaster (as in most financial crises) is that the powers that be were able to convince to public that there was some single enemy that caused this problem, in this case the "banks", completely ignoring the banks' customers and clients (businesses small and large, mortgage brokers, house-flippers, home-buyers, honest investors, fraudsters, sovereign nations) or the fact that the banks consists of hundreds of thousands of actors working and thinking independently. This crisis was so much more complicated than "The banks were too greedy". But that's as deep as most people care to get.