I can do you no better service today than to point you to the Big Picture Blog run by New York money manager Barry Ritholtz, a man who has consistently made the right calls (and earlier than most) on the calamity that has befallen the financial markets as a result of the implosion of the credit bubble.

Usually measured and prepared to wound with rapier-sharp wit, Barry must have woken up on the wrong side yesterday because he finally vent his spleen against those who should take the blame for the whole damn mess.

The post, Idiots Fiddle While Rome Burns, deserves your attention. Yes, it’s about the US but you could pretty well import his remarks wholesale over here:

The collection of ne'er do wells, clueless dolts, political hacks, and oh, let's just be blunt and call them what they are -- total Idiots -- expands into an ever larger circle.

While the Republic burns due to the unsavory combination of incompetence, ideological rigidity, and crony capitalism, the fools and assclowns seem ever more determined to avoid any personal responsibility for the damages they have wrought. Instead, they flail about blindly, blaming everything and everyone -- except their own horrific negligence.

This is financial incompetence writ on a scale far grander than anything seen for centuries.

As a nation, our institutions have failed us: Under Alan Greenspan, the Federal Reserve slept through the most reckless and irresponsible expansion of bank lending in history for reasons of ideological purity. His opposition to the Fed’s regulatory role reached the point of malfeasance long ago.  History is unlikely to be kind to the Maestro.

Now read the rest at The Big Picture.