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Brit's Want Their Country Back Status: Not Logged In; Sign In 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: 11431 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 Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 3. #1. To: All (#0) How Time didn't include Barney Frank and Chris Dodd in this list is mindboggling. Badeye  posted on  2010-07-19   10:54:17 ET  Reply   Untrace   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. Nebuchadnezzar  posted on  2010-07-19   11:10:41 ET  Reply   Untrace   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   Untrace   Trace   Private Reply   Replies to Comment # 3.         There are no replies to Comment # 3. End Trace Mode for Comment # 3. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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