25 People to Blame for the Financial Crisis
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
Re: 25 People to Blame for the Financial Crisis
Re: 25 People to Blame for the Financial Crisis
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.
Re: 25 People to Blame for the Financial Crisis
Quote:
Originally Posted by Phil D.
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: