Fubar markets of 2008 frustrate industry pundits

What was the biggest mistake you witnessed in 2008?Trying to pick the biggest mistake in a year full of colossal errors of judgement, policy and execution is tough. Top of the list comes the debacle following the ill-fated decision of the US government to allow Lehman Brothers to collapse. The demise of Bear Stearns, Freddie and Fannie and insurance giant AIG are also high on the list, along with the US administration's failure to get Congressional approval for the first outing of the troubl