When all the debate about arcane securities has died down, it will then become even more apparent that this financial crisis is at heart a moral issue from start to finish. As Gillian Tett noted on Thursday in the //Financial Times//when “the banking crisis hit Japan a decade ago, bankers bowed to show their public remorse; this time, however, barely a single western banker has even said ‘sorry'”. John Gapper in the same issue commented that bankers “did many foolish – and in some case, unethical – things during the boom. But they did not force people to buy houses or take out mortgages; they mostly provided rope for borrowers to hang themselves.” In short, it is time that all of us bowed and said sorry. Sorry to our young people, sorry to our children, sorry to future generations because in our greed we all created this mess and in so doing we have left them a world worse than the one that we inherited.