People often attribute the current financial crisis to a lack of regulatory engagement and a failure of the financial industry to ask for enough government help. But rather than viewing the crisis from the perspective of those who were hurt, many people have been quick to lecture the financial industry for being greedier and riskier than other industries. But the reality is that the crisis shows that the financial industry is just as big and just as bad as the rest of us.As the recent international financial crisis has proven, the financial industry is prone to crisis just as much as the rest of us. Many people have been conditioned to believe that the financial industry is inherently bad. But that couldn’t be more wrong. There are plenty of good people working in the financial industry who, as they should be, are trying to do everything they can to make sure that their clients are protected and that they don’t make dangerous financial decisions.
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