http://www.time.com/time/specials/packages/article/0,28804,1877351_1878509_1878508,00.html
TIME's "25 to Blame for the Financial Crisis." In no particular order, they say:
25. Angelo Mozila - co-founder of Beazer Homes and IndyMac
24. Phil Gramm - Gramm-Beach-Bliley Act, Commodity Futures Modernization Act, TX douchebag, America is a "nation of whiners" experiencing a "mental recession"
23. Alan Greenspan - firms will self-regulate
22. Chris Cox - ex-SEC chief, fox guarding hen house
21. American Consumers - TIME feels Americans got too spoiled on easy credit, were not shrewd money stewards, should have saved more, lived in fantasy land
20. Henry Paulson - too little, too late, unclear mess
19. Joe Cassano - AIG financial services unit, Wall St. douchebag type
18. Ian McCarthy - CEO of Beazer Homes, probably broke laws, regulations to get people into homes and into debt
17. Frank Raines - head of Fannie Mae
16. Kathleen Corbet - head of Standard & Poor's, gave shady securities top grade ratings, which might be fraud
15. Dick Fuld - Lehman Brothers involved in subprime, took loans and transferred them to investors via bonds
14. Marion & Herb Sandler - Sandlers' World Savings Bank, pioneer of ARM, sold to Wachovia
13. Bill Clinton - signed lots of deregulation bills that came his way
12. George W. Bush - blocked regulaton, "the meltdown happened on Bush's watch"
11. Stan O'Neal - of Merrill Lynch, "By June 2006, Merrill had amassed $41 billion in subprime CDOs and mortgage bonds, according to Fortune"
10. Wen Jiabao - Chinese govt; "If cheap credit was the crack cocaine of this financial crisis — and it was — then China was one of its primary dealers." O-K
9. David Lereah - Chief Economist of Nat'l Realtor's Assoc., "real estate values will always rise," hilarious books on Amazon that haven't aged well
8. John Devaney - hedge fund, Wall St douchebag: "The consumer has to be an idiot to take on one of those loans, but it has been one of our best-performing investments."
7. Bernie Madoff - http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877337,00.html
6. Lew Ranieri - "father of mortgage-backed bonds," Wall St. douche
5. Burton Jablin - slick huckster; http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877332,00.html
4. Fred Goodwin - Royal Bank of Scotland; http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877328,00.html
3. Sandy Weill - Citigroup head, lobbied for repeal of parts of Glass-Steagall, exploited repeals
2. David Oddsson - Icelandic central banker; "Oddsson made his tiny country an experiment in free-market economics by privatizing three main banks, floating the currency and fostering a golden age of entrepreneurship."
1. Jimmy Cayne - Bear Stearns head