Obama should convene the 300 leading bank presidents in the East Room and say this:

"Ladies and gentlemen, this crisis started with you, the bankers, engaging in reckless practices, and it will only end when we clean up your mess and start afresh ..."

Here's Niall Ferguson:

This hunt for scapegoats is futile.

To understand the downfall of Planet Finance, you need to take several steps back and locate this crisis in the long run of financial history.

Only then will you see that we have all played a part.

Re: Time for (Self) Shock Therapy