Here we go again…
We feared something like this could be approaching three years ago, when some of us were becoming aware that bailouts would just postpone the solution.
We (the same ones than in the previous sentence) knew that it wasn’t only postponing but worse, avoiding tackling the problem: regulation of financial markets, separation between commercial and financial banking, and prosecution of all responsible parties involved, i.e.: banks CEOs, Rating agencies, SEC, Governments, and so on.
Instead, only panaceas – AMAZINGLY EXPENSIVE ONES – were applied, to diminish the symptoms.
The only issue here, is that a new (or a deepening course of the current) crisis, would again clearly affect more the common citizen than those who build up the past and current conditions.
There are no mistakes.
Just the utmost improvement of a wealth concentration system.