• 25 Jan 2011 at 5:40 PM

We Now Know Who To Definitively Blame For The Financial Crisis

By Bess Levin

According to the Financial Crisis Inquiry Committee:

* The banks (“Like Icarus, they never feared flying ever closer to the sun”)

* Alan Greenspan

* Ben Bernanke

* The Bush administration

* Hank Paulson

* The 2000 decision to shield over-the-counter derivatives from regulation

* Tim Geithner

* The Office of the Comptroller of the Currency,

* The Office of Thrift Supervision

* The Fed

* The SEC

* “human action and inaction, not Mother Nature or computer models gone haywire”

* Credit-rating agencies (“cogs in the wheel of financial destruction”)

Who’s a little to blame but not a lot?

* Fannie Mae and Freddie Mac “contributed to the crisis but were not a primary cause”

* “Aggressive homeownership goals” were not major culprits


Financial Meltdown Was ‘Avoidable,’ Study Concludes [NYT]

Comments (14)

  1. 1
    Posted by ace | January 25, 2011 at 10:51 PM

    my grandmother also played a significant role…

  2. 2
    Posted by Guest | January 25, 2011 at 10:57 PM

    Blame God, blame me.

  3. 3
    Posted by Jimmy | January 25, 2011 at 11:14 PM

    The word Comptroller sounds way cooler than it is.

  4. 4
    Posted by Guest | January 26, 2011 at 12:27 AM

    I blame the lesser of the beards.

    - Bernanke

  5. 5
    Posted by Paddy O'Furniture | January 26, 2011 at 1:18 AM

    They forgot to mention all the “wankin’ fuckin bankers…”
    http://dealbreaker.com/tag/wankin-fuckin-bankers/

  6. 6
    Posted by GGGuest | January 26, 2011 at 1:32 AM

    If you’re gonna blame God, might as well blame me, I do his work.

    -JD

  7. 7
    Posted by BringItBackOnTime | January 26, 2011 at 3:19 AM

    Yet another Pomo short. http://www.xtranormal.com/watch/8290042/

  8. 8
    Posted by Mel's Passion | January 26, 2011 at 2:18 PM

    I think we all know what “group” is really to blame, what with their swarthy ways and incessant pursuit of every penny they can find….
    - M. Gibson

  9. 9
    Posted by guest | January 26, 2011 at 2:26 PM

    You’ve got to be fukking kidding me, “Aggressive Homeownership Goals” were not major contributors to the problem.

  10. 10
    Posted by guest | January 26, 2011 at 2:26 PM

    You’ve got to be fukking kidding me, “Aggressive Homeownership Goals” were not major contributors to the problem.

  11. 11
    Posted by Jacob Moore | January 26, 2011 at 2:45 PM

    I’m pretty sure we all know Churchill Schwartz caused the crisis.

  12. 12
    Posted by Cartman | January 26, 2011 at 3:09 PM

    What about their secret cave filled with gold

  13. 13
    Posted by Guest | January 26, 2011 at 4:55 PM

    Leuprecuans????

  14. 14
    Posted by JBEV | January 26, 2011 at 6:30 PM

    lol – in your world everyone woke up about 10 years ago and decided, as a group, to lie on their mortgage applications.

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