This quote I came across today might just explain the attitude behind the Housing Market Collapse, the Financial Markets Decline, the Debt Ceiling Crisis and the NFL Lockout.
No one ever went broke underestimating the intelligence of the American public. ~ H.L.Mencken
In other words, the Capitalist's low estimation of the American public's intelligence encourages his risk for profit mentality. Don't believe me?
Ask Bernie Madoff!