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International News
See other International News Articles

Title: 25 People to Blame for the Financial Crisis
Source: Time Magazine
URL Source: http://www.time.com/time/specials/p ... telist/0,29569,1877351,00.html
Published: Jul 19, 2010
Author: Time Magazine
Post Date: 2010-07-19 10:53:45 by Badeye
Keywords: None
Views: 10789
Comments: 4

25 People to Blame for the Financial Crisis

The good intentions, bad managers and greed behind the meltdown

Blameworthy

Angelo Mozilo Phil Gramm Alan Greenspan Chris Cox American Consumers Hank Paulson Joe Cassano Ian McCarthy Frank Raines Kathleen Corbet Dick Fuld Marion and Herb Sandler Bill Clinton George W. Bush Stan O'Neal Wen Jiabao David Lereah John Devaney Bernie Madoff Lew Ranieri Burton Jablin Fred Goodwin Sandy Weill David Oddsson Jimmy Cayne Poll Results Who Deserves the Most Blame?

Read more: www.time.com/time/special...351,00.html#ixzz0u8kVl1bz

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#1. To: All (#0)

How Time didn't include Barney Frank and Chris Dodd in this list is mindboggling.

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-07-19   10:54:17 ET  Reply   Trace   Private Reply  


#2. To: Badeye (#1)

How Time didn't include Barney Frank and Chris Dodd in this list is mindboggling.

It's Time magazine, what did you expect.

If you voted for Obama in 2008, you're too blame for this rotten mess we're now in. You broke it, you own it.

Nebuchadnezzar  posted on  2010-07-19   11:10:41 ET  Reply   Trace   Private Reply  


#3. To: Nebuchadnezzar (#2)

Greenspan should be first and foremost.

Anyone who thinks Freddie and Fannie or Bill Clinton are to blame is insane.

Let's pretend for a minute that Freddie and Fannie capitalize to the point that some in Congress wanted them to. How does that make people pay off their mortgages?

Freddie and Fannie do basically one thing: They buy mortgage portfolios of CHARTERED BANKS, securitize them and resell them into the market. How these securities, and thus Freddie and Fannie, perform, is dependent upon people paying their mortgages.

war  posted on  2010-07-19   11:15:19 ET  Reply   Trace   Private Reply  


#4. To: Nebuchadnezzar (#2)

I know...thats why they were not included, nor was Pelosi or Reid or Owe-bama.

Obama's first all-by-his-lonesome budget, btw, calls for a $1.17 trillion deficit.

Badeye  posted on  2010-07-19   11:56:28 ET  Reply   Trace   Private Reply  


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