[graedus]

The massive cost of the great financial crisis to everyone except the financial elite is deeply underappreciated by most people. High finance and central bank operations (QE etc) are generally perceived as both dauntingly incomprehensible and deathly boring so most people don't bother trying to understand them. Even more unfortunately, the effect of it all on everyone's day-to-day lives is sufficiently indirect and diffuse that most people do not connect the dots.

[sametmax]

There is also the apparent complexity of the system and the discourse from people talking about it that you don't know what you are talking about. Then a lot of jargon to cover it all.

But the reality is, while it's true the internals of the finance system is complex, the big picture is not. You have a bunch of people trying to make money no matter the cost, and some other people helping them not paying the cost when it fails. And they are faster and more powerful than the people trying to prevent them.

They are not genius mastermind. They are not evil people neither. Just regular humans wanting more and caring less.

[altotrees]

Too Big to Fail by Andrew Ross Sorkin only helped me to start appreciating this. It is incomprehensible that lots of the same folks are still in leadership positions. Follow the money, indeed.