It’s time for a quote of the day.

This from a good Bloomberg story about Davos participants in denial about their culpability for the financial crisis. Ladies and gentlemen—private equity firm Carlyle Group’s David Rubenstein:

“There are six billion people on the face of the earth, and probably about five billion participated in what went on,” Rubenstein said in an interview. “Everybody participated in some way or shape or form.”

Still clueless.

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Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.