But the Banksalsodamagedthemselvesthoroughly - as with subprimelending - because much of theultimateriskended uponBanks' balance sheets, presumably muchmore than the top bankersintended.
If growth starts to pick up, central bankers can congratulate themselveson having steered their economies through the crisis without triggering a repeat of the Great Depression.
Goldman (nyse: GS - news - people ) investment bankers were placing bets among themselveson the direction of Archipelago's stock the day before the electronic exchange announced its deal to merge with the New York Stock Exchange.