That’s true for ‘governments’, too !
{Even those with Dollar printing-presses}

The massive USSR superpower-nation suddenly went bankrupt and dissolved… astonishing world “experts”.
It can happen here. The stock-market is merely a symptom of deep structural problems.

“#2) Seriously, who’s bright idea was it to bundle up subprime mortgages—the riskiest of all mortgages— and sell them off as “safe” investments?”

….who’s bright idea was it ‘buy’ that stuff ?? It takes Two-to-Tango… you can still ‘buy’ the Brooklyn-Bridge if you’re dumb enough to do so. There is ultimately no limit on the number things you can waste your money upon. “Buyer Beware” {… but don’t let the corrupt politicians stick taxpayers with the bill}

“#7) Greed is a deadly motivator”

… and our government politicians & bureaucrats are totally immune to greed for power and money — we can totally trust these angelic persons to tax us, inflate our money, and flawlessly control the economy.

“#8) People need a basic education in money management.”

…and they sure don’t get it in government (public) skools, that indoctrinate 90% of Americans to believe the government “authorities” will take care of them from cradle-to-grave.