Blame me, Blame You

Left wing politicians are now blaming right wing politicians, and other way around.

Politicians are blaming greedy bankers.

Bankers are blaming greedy politicians.

Risk mangers are blaming the market.

Some quants are blaming the bad models.

Some supermodels are blaming their manager.

Good quant’s are blaming the bad quants.

Bad quants are or potentially should blame their professor not teaching them about the flaws in the model.

In a Nordic country I was reading the women now are blaming the crisis on the men (mostly men was in leading finance positions).

I was recently reading someone blaming the credit crunch on cosmic radiation.

Madoff I think blamed how he got involved in the pyramid scam on that he lost some money in last recession.

Some now wants to sell stocks because they fear deflation, others wants to buy stocks because they fear massive inflation. Few people buy stocks because they trust the system.

In a economy where trust is more important than anytime before how can the crisis soon be over when trust seems to be fading all around the globe?