"Idiots and knaves were making a fortune selling shoddy mortgages with ridiculous theories. It was very regrettable behavior. And it was the easy money that allowed it and, of course, the adults who could have fixed it like the accountants who had ridiculous standards without which the bad behavior wouldn't have worked.
The accountants utterly failed us. And, by the way, there is practically no sign of any intelligent reversal of the failure of that profession. I have yet to meet many accountants who are the least bit ashamed for their contribution to our recent troubles but it was immense."