Here is a good article that explains why we have a financial problem, who gave it to us, and what should be done about it:

http://www.realclearmarkets.com/articles/2008/09/in_times_of_crisis_trust_capit.html

It’s clear to me that our pathological aversion to personal responsibility has worked itself so far upward that our entire economy has become based on “no consequences for bad choices.”