Thoughts about investment banks

I found a really good joke in one of today’s newspapers. It goes like this:
“What is it: 12 chairmans of investment banks lying at the bottom of the sea? A good start.”

Little Monty Pythonish, but it clearly shows what people think about banks. Banks that misapplied people trust and earned money in risky businesses, which, in my opinion, was doing something very inappropriate and immoral. 

Yes, immoral. Sure, the governments may have prevented this situation by forcing banks to follow “good business” rules, but they didn’t. So what is the morality of banks’ chairmans as they allowed this situation to happen? Looks like there is none. They don’t feel responsible for causing the crisis but they actually shed responsibility to people taking credits. But they are so wrong. Who’s business it was to earn money? It was banks’ business. They did it by persuading people the can owe another credit, effectively overheating the market. This is their responsibility and they should pay for it.

Take a look at Iceland. Bankers invested people money outside the country in very risky interests, effectively dismantling economy of the 8th richest nation in the world. Stock has been closed for over a week, people savings and investments are frozen, and government falling apart. I hope bank bosses will get fired soon without any bonuses paid, or even will go to jail for “frauds”. This should be a “sentence” for risking other people’s money, for forcing us to pay for their mistakes.

What do you think about it?