No One Is to Blame for Anything
nytimes.com
nytimes.com
TV pundit ripping Greenspan: http://www.youtube.com/v/f4abaHBbMJM&hl=en_US&fs=1...;
As for when/if Armegeddon will hit, everything will be good, until it's not. It will be a non-linear event. Something will happen, somewhere, that will cause a cascade of fast moving events, and then you're in a bread line.
You're standing on the edge of a cliff, in a high wind. Sure, you're still fine now, and you may be fine forever. But when you stand on cliffs in high wind, things can happen. I could throw a rock at you. Greece could get bailed out, leading to me-too bail out demands from other countries, leading to euro devaluation, leading to ... Who knows? It's too early for anybody to be getting cocky that it's all over.