Insightful

Yes

Reaction to the role the theory-quant stuff played during the crisis:

"The idea of blaming any of this stuff on physicists strikes me as entirely daft. It's true that some people trained in physics went into the trade of financial calculations. At that point they were no longer physicists, just smart people," says science historian Spencer Weart of the American Institute of Physics. "Any sensible person would place the main blame upon any fool who took such calculations as a guide to real-world actions."

YES (but don´t forget that the ex-scientists gladly provided the "scientific" alibi, in many cases surely fully aware of the flawedness of the mathematical constructs; and naturally don´t forget that a lot of those fools had scientific PhDs)