How was basic credit analysis so overlooked by sovereign governments, banks, institutions, individuals? Is it a Shakespearean-like pursuit of returns, wants, profit and power? Can we assume that economies could grow to keep up with debt?
When I was growing up there was shame. Shame is defined as, "a painful feeling of humiliation or distress caused by the consciousness of wrong or foolish behavior." But this feeling seems to have disappeared from the way we do business in this country.