Part of the problem is too much centralization of the control of $. This arrangement could be fine if people (and companies) where held accountable for their mistakes (No bailouts).

What I mean: Normally, you wouldn't trust all your money to one bank or financial adviser, because if they make bad bets you could lose your money. But because of the bailouts, it puts an hedge on your downside risk, so you feel more comfortable with outsourcing the responsibility to a small number of parties to manage your money, because if they fail, you in part (mostly them), will be bailed out.

This ignores the fact that there were individuals that were more responsible with their money that ended up being the losers in this arrangement and were extorted of their money.

I'm not saying that we shouldn't have bailouts, but what I am saying is that if we are forced to do it, we should do it to such an extent that it addresses the root cause and provides economic incentive to be more accountable for ones actions.