This is what I think:
We are all 'Mum and Dad' investors
I have always found the term' Mum and Dad investors' irritating and condescending. It has connotations that all the financial gurus of the world make all the very wise financial decisions and allow the 'Mum and Dad Investors' to play around with the simple stuff in keeping with their lower levels of intelligence and expertise.
Well, it has now become very clear to us all that the self-inflated financial intelligentsia, ie, our economic advisors, lending authorities, funds managers and financial advisors, despite the ominous warning signs, really didn't have a clue what was happening. Got it all wrong and at the end of the day, in the final shake-up, demonstrated to us clearly that they too are really only 'Mum and Dad Investors' - albeit, very highly paid!