Cabal-(noun) the artifices and intrigues of a group of persons secretly united in a plot (as to overturn a government); also : a group engaged in such artifices and intrigues.
After great disasters, people naturally look for a cause and this round of financial meltdown is no different. Everyone seems to have their favorite person to point a finger at, and the conspiracy theorists are having a party on Youtube. Just look up "The Obama Deception." Among other reasons I will describe later, I take issue with conspiracy theorists, mostly because they presume such extraordinary competence of the people in power.
Rather than being truly frightened of a conspiracy, I think that some take comfort in the idea that things don't happen by accident, and that people don't just suddenly find themselves in the New York Stock Exchange with their pants around their ankles. The concept of an invisible group of geniuses and billionaires guiding everything from natural disasters and epidemics to stock market crashes is less distressing to some than if these events were totally random.
There is no scheming group behind everything, and there is no master plan, and here is why:
How could our government pull off a massive conspiracy like a JFK assassination if they couldn't even burglarize someone's hotel room without getting caught? Not 0nly that, the burglars were caught, identified, and not even the president of the United States could insulate himself from the fallout. It doesn't make sense that the same group of people that couldn't break into a hotel or have a cigar with an intern without getting caught could invent AIDS and engineer 9/11 without someone finding definitive evidence.
Three can keep a secret if two of them are dead.
Need I say more? A faked moon landing or engineered stock market crash would have thousands of people keeping their mouth shut. It's just not possible.
3. H.L. Mencken
The central belief of every moron is that he is the victim of a mysterious conspiracy against his common rights and true deserts. He ascribes all his failure to get on in the world, all of his congenital incapacity and damfoolishness, to the machinations of werewolves assembled in Wall Street, or some other such den of infamy. If these villains could be put down, he holds, he would at once become rich, powerful and eminent. Nine politicians out of every ten, of whatever party, live and have their being by promising to perform this putting down. In brief, they are knaves who maintain themselves by preying on the idiotic vanities and pathetic hopes of half-wits.
-H.L. Mencken, Baltimore Evening Sun, June 15, 1936
Conspiracy theories are appealing. They make the world make sense, and shift the blame of personal failure away from one's self and onto others. People like that, and propagate them for that reason. It is much easier to blame Alan Greenspan than one's self for the $650,000 albatross of a mortgage you cannot pay.
And there it is. We aren't competent enough, secretive enough to pull off a conspiracy, and it makes much more sense that people create them, propagate them and like them.
There is no cabal.