I've defended bankers pretty robustly over the last few years. The popular view is that their greed and recklessness sunk the whole financial system, taking us with it. Oh yeah? Well, what about the greed and recklessness of the politicians and monetary authorities, who engineered a fake fifteen-year boom built on artificially cheap credit, paper money and government debt? Or the greed and recklessness of the public who saw house prices spiralling upwards and took out 125% mortgages so they could make as much money out of the bubble as possible?