Column : We the greedy people

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: ‘too much inclusion too soon’—have to be made a few years down the line. Obviously our five-yearly write offs of huge amounts of rural credit made through the politically driven state-owned banking system have not taught us very much!

But it is so much more satisfying to blame greedy bankers, bonuses, incompetent regulators, and inert derivatives (rather than the foolishness of people who hid behind them) for this mess by overlooking our own greed and thirst for instant profit-making. What about those who signed on to mortgages they knew they could not service? Is anyone blaming them? Or are they poor victims of rapacious bankers as well?