Turtles all the way down

So we’re having another financial crisis. It appears to be somewhere between a minor radar blip and a complete meltdown ala the Great Depression.

It seems that while these sorts of crises are happening, the general public, and perhaps those intimately involved, have no clue what is going on until it is too late (think Enron).

However, after the fact, with 20/20 hindsight, someone will always write a book with an analysis showing a series of events that led to the crisis, and how the facts were right in front of us but we ignored them anyway.