So who was it? Nobody really knows. An entire system was responsible. Quite convenient. For a train accident in India, the Railway Minister resigns. For the Mumbai terror strikes, the union Home Minister resigned. Did the FedReserve chief or the World Bank boss offer to resign? What about the Secy for the Treasury of the USA? Nope! I didnt hear or read anything yet. Why? Most likely because nobody thinks they are responsible. “The system collapsed, dont blame me!”
Its a jolly good system. It also seems to have created a generation of governments which seem to have no clue how to now sort out this mess.