The focus of blame has moved on from corrupt executives to the Wall Street system, of which the investment bankers are emblematic.
Dot.commers roam the coffee shops in daylight, retirees worry how they'll make the payments on their Florida condos, refugees from Enron and Worldcom tell sceptical employers that they were only following orders ... but spare a thought for the investment bankers who helped get us into this mess.
Pity for investment bankers? Bear with me. The brokers and bankers of Wall Street and the City, who did so well out of the boom, will find the correction particularly painful. For them, the adjustment is as much psychological as financial.