The Homa Files

Ken’s Take: It’s tough to cram all of the culprits into one short list.  Still, how does Barney Frank miss the cut? Remember when Alan Greenspan was a near-deity?

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Excerpted from Time, “25 People to Blame for the Financial Crisis”, Feb. 12, 2009

1. Angelo Mozilo – Co-founder and former head of Countrywide
2. Phil Gramm – Chmn- Senate Banking Committee  1995 -2000
3. Alan Greenspan – Former chairman, Federal Reserve
4. Chris Cox – Former chairman, SEC
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

Full article:
http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350,00.html

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