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Thread: 25 People to Blame for the Financial Crisis

  1. 02-16-2009, 05:37 PM #1
    Midnight Mike
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    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
    “The problem with socialism is that you eventually,
    run out of other people’s money.    ” - Margaret Thatcher
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  2. 02-16-2009, 07:04 PM #2
    T-Bird76
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    Re: 25 People to Blame for the Financial Crisis

    I blame Disney.
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  3. 02-16-2009, 07:40 PM #3
    PhilDernerJr
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    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.
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  4. 02-16-2009, 09:00 PM #4
    Midnight Mike
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    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:
    “The problem with socialism is that you eventually,
    run out of other people’s money.    ” - Margaret Thatcher
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