Now We Know Who to Blame
Mar 7th, 2009 | By stefanie | Category: Real Estate Investing News
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I have heard several people say that someone should be blamed for the financial crisis we are in right now in the US. I personally think there are several reasons we are where we are and I am not sure that blame can be placed on a particular person or group of people —– but Time has come out with a list.
This list is actually a list of 25 people to blame for the Financial Crisis.
25 People to Blame for the Financial Crisis
Time lists the following 25 people as the reason for the financial crisis we are in:
1. Angelo Mozilo – Co-founder and former head of Countrywide
2. Phil Gramm – Chairman of the Senate Banking Committee from 1995 through 2000
3. Alan Greenspan – Former chairman, Federal Reserve
4. Chris Cox – Former chairman, Securities and Exchange Commission
5. American Consumers
6. Hank Paulson – Former Secretary of the Treasury
7. Joe Cassano – Founding member, AIG’s financial-products unit
8. Ian McCarthy – CEO, Beazer Homes
9. Frank Raines – Former chairman and CEO, Fannie Mae
10. Kathleen Corbet – Former CEO, Standard & Poor’s
11. Dick Fuld – Former CEO, Lehman Brothers
12. Marion and Herb Sandler – Former heads, World Savings Bank
13. Bill Clinton – Former U.S. President
14. George W. Bush – Former U.S. President
15. Stan O’Neal – Former CEO, Merrill Lynch
16. Wen Jiabao – Premier, China
17. David Lereah – Former chief economist, National Association of Realtors
18. John Devaney – Hedge fund manager
19. Bernie Madoff – Ponzi scheme orchestrator
20. Lew Ranieri – Father of mortgage-backed securities
21. Burton Jablin – Programmer at Scripps Networks, which owns HGTV
22. Fred Goodwin – Former chairman and CEO, Royal Bank of Scotland
23. Sandy Weill – Former chairman and CEO, Citigroup
24. David Oddsson – Former Prime Minister, Iceland
25. Jimmy Cayne – Former chairman and CEO, Bear Stearns
So if you need someone to blame you now have the list.
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- The 25 People Who Screwed Up the World (usnews.com)
- 25 People to Blame for the Financial Crisis – 25 People to Blame for the Financial Crisis – TIME (time.com)
- Who Deserves the Most Blame? – 25 People to Blame for the Financial Crisis – TIME (time.com)
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