YEAH! A real 'team' effort .. who was driving the bus for those loooooooooooooooong 8 years?
dek Richard Drew / AP
TIME's picks for the top 25 people to blame for the financial crisis includes everyone from former Federal Reserve chairman Alan Greenspan and former President George W. Bush to the former CEO of Merrill Lynch and you — the American consumer. As you read our choices, we'd like to know who you think deserves the most blame, and the least. After voting on the relative guilt (or innocence) of each person, view the full results here.
* 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
From the start, Bush embraced a governing philosophy of deregulation. That trickled down to federal oversight agencies, which in turn eased off on banks and mortgage brokers. Bush did push early on for tighter controls over Fannie Mae and Freddie Mac, but he failed to move Congress. After the Enron scandal, Bush backed and signed the aggressively regulatory Sarbanes-Oxley Act. But SEC head William Donaldson tried to boost regulation of mutual and hedge funds, he was blocked by Bush's advisers at the White House as well as other powerful Republicans and quit. Plus, let's face it, the meltdown happened on Bush's watch.
.. the guy where the buck usually stops? .. lemme see .. oh, that's right that painter guy was THE ONE driving the bus when "the biggest financial collapse in history bigger than the great depression" hit .. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101314624 .. where is it the fuck stops ?? .. lol .. i have NEVER seen anyone blaming it ALL on, George .. and i'm guessing MOST on that list vote GOP .. only a guess ..
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