Who is to blame

Lots of people have had their hands out taking money from people via bad loans, bundling loans and selling them as A+ securities, paying lower tax rates than you and I do, forming multi-state mega banks that sell you non FDIC investments, and then getting bailed out with more of our money. Their names are legion and found in the thousands of new multi-millionaires and billionaires in our country. But who opened the door to this greed? Who changed banks from trusted institutions who were individually responsible for your loan and your savings to faceless institutions who have no responsibility for what they do and no regulations to mitigate their behavior? Have you heard the name Phil Gramm?