Correct list of culprits and prophets for our current economic woes?

Answers:1   |   LastUpdateAt:2012-11-03 00:16:02  

Question
Teii
Asked at 2012-09-10 00:56:03
Is it correct this list (in no particular order)? MedlinePlus MedlinePlus 1. Christopher Cox, chairman of the Securities and Exchange Commission - should have sounded warnings from the beginning of the problems with loans affecting the stock market and 401k saved many MedlinePlus MedlinePlus 2. Ben Bernanke, Federal Reserve chairman - should have recognized the problems in lending patterns MedlinePlus? MedlinePlus 3. Henry Paulson, the Treasury secretary - not so sure about this - started in 2006 MedlinePlus. MedlinePlus 4. Representative Barney Frank, D-Mass., chairman of the House Financial Services Committee - oversight of Freddie Mac and Fannie Mae as they made bad loans and ate MedlinePlus MedlinePlus 5. Sen. Christopher Dodd, D - CT, chairman of the Senate Banking Committee, presumably the supervision of banks and lending institutions, and others as they drifted in the credit crunch mess, without warning to citizens U.S. MedlinePlus. MedlinePlus 6. President Bush -. Is not responsible for the economy (the presidents have a surprisingly small effect in most cases), but this happened while his economic advisers were on duty MedlinePlus MedlinePlus 7. Banks and lending institutions to make loans and packaging of sub-prime risk, creating much confusion.
MedlinePlus 8. Qualifying Institutions, Moody's and Standard & Poors, et al that misclassified the risk associated with the loan packages. How credible are they now? MedlinePlus MedlinePlus 9. U.S. automakers Chrysler and GM - did not contribute to the initial confusion, but kept building gas - guzzling, not so good cars so they were in such bad shape that when the economy began to fill the tank, they needed a bailout MedlinePlus. MedlinePlus List the good guys? MedlinePlus MedlinePlus 1. Paul Krugman -. Agree with him politically, but I think he signed some warnings about the coming disaster MedlinePlus MedlinePlus 2. ? ?
Answer1SanjayAnswered at 2012-09-14 15:57:02
Good Guy - Jim Cramer , who predicted a year before it happened , rather loudly .
Answer2Muilik(Mu-lique)Answered at 2012-11-03 00:15:40
The American public who shook of all restaint and instead of being patriotic citizens, became gullible consumers. Until we admit we are to blame nothing will change.
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