blame game

Here is another politics of finance post.

Moving beyond the point that we need to regulate [through new regulation OR ENFORCEMENT of current regulations that failed]....

The question is: Who's to blame for the current crisis? Or, is there even anyone to blame?

If you're talking to a regular everyday person, they'll probably say it was the banks for making wrong bets and generating excessive risk and the mortgage lenders for making loans they knew people would eventually default on it.

If you talk to someone from Wall Street, they'll say it was the homeowners who bought houses they could not afford.

I think both of them are partly responsible for the mess; however, I believe that Wall Street and the financial institutions have a much bigger part of the blame.