My opinion for what it's worth:

I think that you should not blame the guy who appears in the newspapers. In the end he most likely was adviced by many others and it seems very unlikely to me that this whole thing was his idea in the first place?
Where did he get the money from? All from his own banking business? Hard for me to believe...

What is to blame (again just an opinion), is the system that allows these things to happen... Hopefully that same system is changing and will prevent these things to happen in the future.

only time will tell us...