The whole Financial Mess we are in can be traced to the Ponzi scheme foisted upon us by the Investment banks: Goldman Sachs, J.P.Morgan, Bear Stearns, Lehman, Merrill Lynch and the AIG insurance company.

This was exacerbated by the commercial deposit banks: Bank Of America, Indymac and Washington Mutual

This was allowed (enabled) by the Regulating Agencies: Federal Reserve, OCC, OTS, SEC, CFTC and others.

Bernie Madoff, but he is simply the tip of the Iceberg