Yes, and if he would say, "I was mistaken, as were many others, in believing we were facing a financial meltdown", I would accept that as a fair and reasonable answer.
What I want to know is that when the next Henry Paulson comes screaming, "I need X trillion of tax money to buy up my cronies' bad assets TODAY, or there will be blood in the streets", Cain will have the guts and common sense to tell him to take a hike. So far I have not seen the evidence that he will.
Apparently you didn’t watch the video, because that is exactly what he said.
Specificly he said what he would do if someone came to him saying we had to take emergency action or the economy would melt down and the banks would fail. His response:
“Let them fail”
If you watch the video at the link, you’ll find he’s learned something from hindsight, and now advocates the same positon you do.