Vic Smith wrote:
But the worst mistake is that most of those in charge - gov and
business - abandoned their fiduciary responsibilities.

Bingo.
It's as much an epidemic of irresponsibility as a fiscal crisis.


A vast fleet of ships with drunken captains.


I like that analogy.
Many people who have no clue what it means to be a Captain think
everything is going fine.
And many more think it's fine because it's a lot of fun as long as
you're one of the drunks!

DSK