Because the "too big to fail" crap seems to only apply to the banks. Why is it that when the banks go under they get a free bailout, but when a household blows up they get nothing? While those who lost their homes are indeed idiots, those bankers who should have known better are bigger idiots.
what this proves is that your upbringing and personality have as much to do with trading success as your formal education. i don't have an MBA but i have risk aversion personality, so i didn't take huge, over-leveraged gambles like these f*ckheads on wall street. that's why i didn't blow out last year. btw, MBA's are so common now they're virtually worthless. i rank them slightly more valuable than a BA in history.