Is there any accountability?

Who created the financial mess we're in?

The Fed? Creating low rates so people could borrow cheaply and put the money to work in other investments.

Congress? For deregulating banks. For not regulating derivatives. Can you say Enron loophole? That should have been closed when Enron collapsed. Why do banks have three regulatory agencies and why do the banks get to choose who watches over them?

FDIC? For not collecting insurance premiums during the good 'ol days. They need the money now.

Consumers? For borrowing and then spending the money and getting heavily into debt. Buy a bigger house, get a home loan to furnish it and be unable to pay it back.

Banks? For giving loans to everyone. For creating more exotic loan packages like negative amortization loans. For not verifying loan information. For thinking that housing prices only go up.

Insurance companies? (AIG) For backing derivatives and not backing it with capital thinking they'll never have to pay.

Wall Street? For naked short selling and spreading of rumors about competitors (Lehman, Bear Stearns) so they cannot get short term loans and collapse. For creating crappy investments from crappy mortgages and selling them as investment grade.

Bush administration? For starting wars, borrowing heavily to pay for it and keeping the spending off the books. And for doing absolutely no regulatory activity. Nada. Zip. Oh, and for not seeing the problem until after the election. OMG! There's a problem?

Rating companies? For marking so much crappy investments as investment grade.

Car companies? For producing crappy cars.

I'm sure I missed some people. Sad part is that very few of these problems will get fixed.