I blame it all on Bernanke. 08-09 was supposed to be the golden opportunity to learn fiscal responsibility, but these guys think bubble burst is a crisis instead of bubble itself as a crisis (that Americans have to spend a large proportion of income on housing, rather than to find more productive use of that capital).
I was actually fine with them buying residential mortgage…but why propping up the stock market so that it was only below the trend line for a few months? It is not FED’s responsibility to rescue stock investors.