The financial crisis that is upon us didn’t happen overnight (even though it feels that way) and it wasn’t a fluke accident. There are forces behind the downfall and those forces are under investigation. More specifically, the FBI are searching for who is responsible and while I’m guessing large groups of folks are partially to blame, it will pan out as it usually does…a few unfortunates will take the fall for an entire company.

According to The National Law Journal’s Abbe D. Lowell, “To begin with, public officials have a tendency to overstate the criminal wrongdoing as a cause of the crisis, in part to deflect blame for their own lack of proper oversight.

“Assigning blame correctly would have Congress (and the various regulatory agencies) accepting a large share for legislating for looser credit, deregulation of financial institutions, euphoric belief that financial institutions could police themselves and a wishful attitude that housing prices would constantly rise.

“It is a lot easier to explain to angry Americans how it was only the greedy and corrupt wrongdoers on Wall Street who were to blame, but this easier excuse leads to less than a proper assessment of the problem and its solution.”

Basically, while the blame-game will go on, it may be better to also pay close attention to how this kind of downfall can be prevented in the future. Thus, turning an economic crisis into something positive for the United States by working towards a better economy.

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