Does Cameron's new year message lack 'insight and morality'?

Paul Kenny clearly doesn't understand economics himself. He suggests that we don't have mive household debt (we do), and that really the banks are to blame. The reason the banks have over-borrowed; they've allowed people, households, to over-borrow. Both people who borrow more than they can afford, and banks who have lent to people who cannot afford to borrow, are to blame.