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View Full Version : 25 People to Blame for the Financial Crisis



Midnight Mike
2009-02-16, 06:37 PM
Angelo Mozilo - founded Countrywide
Phil Gramm - Senate Banking Committee from 1995 through 2000
Alan Greenspan - Former Federal Reserve chairman
Chris Cox - Ex-SEC chief
American Consumers
Hank Paulson - Treasury Secretary (2006 - 2008)
Joe Cassano - AIG
Ian McCarthy -
Frank Raines - Fannie Mae
Kathleen Corbet - S&P
Dick Fuld - Lehman
Marion and Herb Sandler - first to sell a tricky home loan called the option ARM

President Bill Clinton - In 1995 Clinton loosened housing rules by rewriting the Community Reinvestment Act, which put added pressure on banks to lend in low-income neighborhoods

President George W. Bush - embraced a governing philosophy of deregulation. That trickled down to federal oversight agencies, which in turn eased off on banks and mortgage brokers.

Stan O'Neal - Merrill Lynch's CEO
Wen Jiabao - China
David Lereah - National Association of Realtors
John Devaney -
Bernie Madoff
Lew Ranieri
Burton Jablin
Fred Goodwin
Sandy Weill
Sandy Weill
David Oddsson
Jimmy Cayne

http://www.time.com/time/specials/packa ... 50,00.html (http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350,00.html)

T-Bird76
2009-02-16, 08:04 PM
I blame Disney.

PhilDernerJr
2009-02-16, 08:40 PM
Sandy Weill's influence was so bad...she was listed TWICE! haha

So great that Clinton contributed by forcing bansk to lend to broke folks.

Midnight Mike
2009-02-16, 10:00 PM
Sandy Weill's influence was so bad...she was listed TWICE! haha

So great that Clinton contributed by forcing bansk to lend to broke folks.

Hey! Don't bust my balls, I had to type that list by hand :? :roll: