The personalization (greed) or playing off the state against the economy conceals the more complex background of the financial market crisis
The complexities of the "structured products" invented by financial mathematicians in the financial industry, which were too complex for the layman (investor) at least, disguised the lucrative trade in bad mortgage loans, which had been going on for years, as a simple chain letter construction. Today’s explanations for the now acute financial market or even world economic crisis seem to conceal a more complex social ie in their simplicity, in a strangely counter-current complementarity.
It is hardly satisfactory that the crisis is often reduced (by the mass media) to the culpable actions of a few individuals. It is a labeling fraud to brand the actions of investment bankers and brokers (and correspondingly investors, as is to be remembered) now in the crisis as "greedy" and "irresponsible", even from a prasidial address as immoral. In other words, what was previously business as usual – profit maximization, cost minimization and the pursuit of profit – has been successfully implemented. It is a personalization of the events, which can also be understood as a helpless effort of the mass media to bring complex ies closer to the audience.