Thought for the day

Isn't it astonishing how many of the commentaries on the crisis follow the same format:

  1. Commentator X thinks that Person or Program Y was responsible for this disaster
  2. This is clearly nonsense because of fact Q.
  3. That is why people of good sense know that in fact, the entire thing is the fault of Person Z, who is an evil and irresponsible moron.
Is the human brain even capable of coming up with an explanation that does not require the activity of some nefarious agent?

Corollary:  Assuming that we are indeed facing, in large part, a crisis of confidence, would this crisis be solved more quickly if we stopped nattering about the banking system and simply burned us some witches?