I experienced the financial crisis first hand on Wall Street, a place fraught with people who pretended to know the ins and outs of risks. It was also a brutally honest place when it came to winners and losers. But that changed when Hank Paulson, then the Secretary of Treasury, knelt down on camera and begged Nancy Pelosi for what was effectively a blank check. Wall Street could not face reality when it was its turn to be the loser. I believe the real cost of 2008 is moral hazard. They destroyed the fundamental values of capitalism and I can't help but feel that we are all still pretending.