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Who Time Blames For The Financial Crisis

From the former news magazine, Time:

25 People to Blame for the Financial Crisis

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.

(Click images to enlarge)

Note who is first in Time’s line-up in their illustration. Never mind that President Bush tried to reform the financial sector numerous times during his tenure.

Also note the conspicuous absence of Barney Frank, Christopher Dodd or any of the Democrats who fought tooth and nail against any Fannie Mae reforms. (You can see them in action here.)

There is also no mention of ACORN or La Raza. Or of Mr. Obama, who did their bidding as an activist and as a lawyer.

And where is Mr. Obama’s chief of staff, Rham Emanuel, who made $250K in director’s fees from Freddie Mac at the very time they were running amok?

Indeed, there is no mention at all of the mortgages that were given to people – even illegal aliens – who should have never gotten a mortgage in the first place.

Maybe Time feels, like Mr. Obama, that these people were “tricked” into getting mortgages.

This article was posted by Steve on Friday, February 13th, 2009. Comments are currently closed.

14 Responses to “Who Time Blames For The Financial Crisis”

  1. BannedbytheTaliban says:

    Soros is conspicuously absent.

  2. proreason says:

    “Phil Gramm” – out of office for 5 years

    Madoff? Madoff caused the financial meltdown??

    It’s tempting to say the names were picked out of a hat.

    But it’s more likely the names and order were provided by The Moron’s staff.

  3. David says:

    Bill Clinton is a stretch to I think. Even if you place the blame on him for setting the ship of state on the wrong course it seems slightly more significant that no one righted in 10 years!

    • Steve says:

      “Bill Clinton is a stretch to I think.”

      Bill Clinton started the ball rolling, even more so than Carter.

      He repealed Glass-Steagall act:

      Flashback: Clinton Repeals Glass-Steagall | Sweetness & Light

      And, even worse, he “strengthened” the Community Reinvestment Act, which ratcheted up the pressure on banks to make bad mortgage loans.

    • proreason says:

      Clinton is involved because he helped strengthen the Community Reinvestment Act.

      But if you go back 12 years, why not go back to the Phonicians and the invention of money, or maybe to the first people that lived in cities?

      The meltdown was triggered by Franks, Dodd and their kook allies who decided without any debate by the public to give money to deadbeats and call the gifts “loans”. And that was abetted by Greenspan’s decistion to keep interest rates artificially low, and by Franks and Dodd encouraging banks to cover-up their (Franks and Dodd’s) malfeasance by hiding the toxic assets in derivatives. When the market finally figured out the con, everything exploded……or more likely, the Soros ring of thieves took advantage of the knowledge to destroy the economy so their water boy would be elected.

    • 1sttofight says:

      Bush tried to right it several times, but Frank and Dodd would not let it happen.

  4. I would say that Jimmy carter is an appropriate place to start..

    But even more recently that Carter, yet not quite to Clinton, was.. Drum roll please..

    Barack H. Obama. The one and only, who as an attorney sued financial institutions such as Citigroup early in his career for “racial discrimination” in loan determining, bringing the reality of the hammer of government to the financial markets.

    this guy has been working this crisis since the late 80s.

    • proreason says:

      I’ve seem some credit The Moron with starting the whole scam to blackmail banks.

      I’m sceptical, because that would mean he did something, and I’ve never heard of another tangible thing that he prove-ably did do……….other than flap his jaws, of course.

    • The whole scam seems to be disappearing piece by piece.. I am trying to find the original Chicago times article which describes Obama as a Class Action attorney for the firm Davis Miner Barnhill & Galland, sued the bank on behalf of an indigent home buyer, who by all accounts of the time couldn’t afford the home anyhow. The suit was based on racial profiling, though the bank insisted the neighborhoods were a high risk. In the end.. Citi capitulated and settled. will provide more documentation ASAP

      This was not his ONLY job for the firm, but it seems the legal journal records concerning his efforts have now been removed from my favorite sources..

    • proreason says:

      I’ve seen that before jason. After I posted once here about Theresa Kerry’s outrageous taxes in 2003, the original WSJ article disappeared within 24 hours from Google.

  5. I found a story which also references the Roberson Lawsuit here:


    Apparently I was looking back too far..

  6. 12 Gauge Rage says:

    Notice that when you look at the number of votes, it’s the American consumer who got the most. As I’ve always said it’s people living way beyond their means. And they’re finally reaching the end of their cycle to where they can no longer get another credit card to slowly max out, nor borrow anymore money from family, friends, and financial institutions. It’s time for the irresponsible to pay the piper for his services but they’re short of the money to do so.

  7. AmericanIPA says:

    Who voted in this poll, or whatever it is?

  8. yellarcan says:

    If you go with Beans and Weenies (Franks and Dodd, just my pet names for these two brain surgeons) then wouldn’t you have to throw Nancy in the mix. The two goons do her bidding right? I mean when she says “jump” they say “not tonight , I have a headache”.

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