Being an economist is sort of like being a weatherman: No matter how good you are at your job, in the end it's mostly a game of change + some educated guessing. But CNBC, the creme de la creme of business news, managed to completely miss the economic crisis that was about to befall the American people. And by the time they did happen to warn everyone about Bear Sterns, they were seen as complicit in the collapse of the investment giant. So much so that Vanity Fair fingered CNBC as being "trigger-happy" "players" in the lender's fall from grace.

Still, CNBC is not happy about missing their chance to raise the alarm, and network correspondent Charlie Gasparino wants to confess all his sins before he is read his rights:

We all failed," says Gasparino.."What we didn't understand was that this was building up. We all bear responsibility to a certain extent."

"If we had written stories in late 2000 saying this whole thing's going to collapse, people would have said, 'Ha ha, maybe,' and gone about their business."

So it's everybody's fault, but especially CNBC and people who listen to the speculation on the station and also people who don't? Guess everyone's to blame these days, but I'm going to go ahead and say it's the children's fault.