Who is to blame for the financial crisis? This news gives an answer to the question of these

Who is to blame for the financial crisis? This news gives an answer to the question of these
series of discussions on board:
Who is to blame for the financial crisis?
华尔街金融风暴的幕後元凶
(Sorry for typing English in order to save time)
I summarize the main points:
(1) Blame those clever bankers
Regarded themselves as the financial engineers
who design and manipulate all the financial tools,
these clever bankers have turned worthless paper
into personal fortunes by sticking everyone with the financial tab.
(2) Blame those greedy banks
The greedy banks transform all types of financial
commodity into securitized products and persuade
investors into buying ‘something’ based on ‘nothing’
in order to keep their fat commissions.
(3) Blame Greenspan
“It was Alan Greenspan, as chairman of the
Federal Reserve, who decided that central banks
like his should not try to dampen down
the sort of speculation that leads to bubbles in the first place.”
“What began as small bail-outs became big bail-outs,
from the year 2000 onwards. Interest rates were taken to
the absurdly low level of 1% and held there far too long.
That engendered a housing bubble, which was nourished
by the complete abdication of lending standards
in the banking system.” --Quoted from the news
(4) Blame estate agent
“But there are many realtors who were so zealous
to get potential home-buyers into homes and
earn their commission that they were more
concerned about closing the deal than making sure
by the complete abdication of lending standards
in the banking system.” --Quoted from the news
(4) Blame estate agent
“But there are many realtors who were so zealous
to get potential home-buyers into homes and
earn their commission that they were more
concerned about closing the deal than making sure
their customers could afford the payments down the line. “
---Quoted from the news
第三点我觉得蛮有趣的比较少被讨论到
Greenspan经济荣景膨胀後的泡沫危机