In hindsight, who is most to blame for the Financial Crisis?

[briansd1]

[quote=sdrealtor]I’ll take the bullet;)[/quote]

Ah, Realtors. But of course. 😉

[5yearwaiter]

[quote=briansd1]Greenspan
Bush
Banks, etc.
Homebuyers/consumers

Take your pick.[/quote]

First I would blame whoever created that situation of RUN for Home buying.

Second I would blame myself – why didn’t I too place my hands on those days and “why did I think more that greespan couldn’t think” – I became loser here

Finally I blame the ongoing “still” Feb backing policy(8k/loanmod etc) and this is going to curse us more down at times (when is that still unknown)

[5yearwaiter]

[quote=briansd1]Greenspan
Bush
Banks, etc.
Homebuyers/consumers

Take your pick.[/quote]

First I would blame whoever created that situation of RUN for Home buying.

Second I would blame myself – why didn’t I too place my hands on those days and “why did I think more that greespan couldn’t think” – I became loser here

Finally I blame the ongoing “still” Feb backing policy(8k/loanmod etc) and this is going to curse us more down at times (when is that still unknown)

[5yearwaiter]

[quote=briansd1]Greenspan
Bush
Banks, etc.
Homebuyers/consumers

Take your pick.[/quote]

First I would blame whoever created that situation of RUN for Home buying.

Second I would blame myself – why didn’t I too place my hands on those days and “why did I think more that greespan couldn’t think” – I became loser here

Finally I blame the ongoing “still” Feb backing policy(8k/loanmod etc) and this is going to curse us more down at times (when is that still unknown)

[5yearwaiter]

[quote=briansd1]Greenspan
Bush
Banks, etc.
Homebuyers/consumers

Take your pick.[/quote]

First I would blame whoever created that situation of RUN for Home buying.

Second I would blame myself – why didn’t I too place my hands on those days and “why did I think more that greespan couldn’t think” – I became loser here

Finally I blame the ongoing “still” Feb backing policy(8k/loanmod etc) and this is going to curse us more down at times (when is that still unknown)

[5yearwaiter]

[quote=briansd1]Greenspan
Bush
Banks, etc.
Homebuyers/consumers

Take your pick.[/quote]

First I would blame whoever created that situation of RUN for Home buying.

Second I would blame myself – why didn’t I too place my hands on those days and “why did I think more that greespan couldn’t think” – I became loser here

Finally I blame the ongoing “still” Feb backing policy(8k/loanmod etc) and this is going to curse us more down at times (when is that still unknown)

[UCGal]

My standard reply to all of this – there’s enough blame to go around. So – all of the above.

But – I’d add another category – politicians who got rid of Glass Steagall.

I’d put some blame on Phill Gramm, Jim Leach, and Thomas Bliley – sponsors of the Gramm-Leach-Bliley act that gutted Glass Steagall – and some blame should go to President Clinton – who signed it into law. (I’m a bi-partison blamer.)

The GLB act, passed in 1999, blurred the lines between insurance companies, investment banks, and commercial banks. It allowed banks to be active participants in derivitives… I created the structure that turned into the giant shitpile that brought on the economic meltdown.

[UCGal]

My standard reply to all of this – there’s enough blame to go around. So – all of the above.

But – I’d add another category – politicians who got rid of Glass Steagall.

I’d put some blame on Phill Gramm, Jim Leach, and Thomas Bliley – sponsors of the Gramm-Leach-Bliley act that gutted Glass Steagall – and some blame should go to President Clinton – who signed it into law. (I’m a bi-partison blamer.)

The GLB act, passed in 1999, blurred the lines between insurance companies, investment banks, and commercial banks. It allowed banks to be active participants in derivitives… I created the structure that turned into the giant shitpile that brought on the economic meltdown.

[UCGal]

My standard reply to all of this – there’s enough blame to go around. So – all of the above.

But – I’d add another category – politicians who got rid of Glass Steagall.

I’d put some blame on Phill Gramm, Jim Leach, and Thomas Bliley – sponsors of the Gramm-Leach-Bliley act that gutted Glass Steagall – and some blame should go to President Clinton – who signed it into law. (I’m a bi-partison blamer.)

The GLB act, passed in 1999, blurred the lines between insurance companies, investment banks, and commercial banks. It allowed banks to be active participants in derivitives… I created the structure that turned into the giant shitpile that brought on the economic meltdown.

[UCGal]

My standard reply to all of this – there’s enough blame to go around. So – all of the above.

But – I’d add another category – politicians who got rid of Glass Steagall.

I’d put some blame on Phill Gramm, Jim Leach, and Thomas Bliley – sponsors of the Gramm-Leach-Bliley act that gutted Glass Steagall – and some blame should go to President Clinton – who signed it into law. (I’m a bi-partison blamer.)

The GLB act, passed in 1999, blurred the lines between insurance companies, investment banks, and commercial banks. It allowed banks to be active participants in derivitives… I created the structure that turned into the giant shitpile that brought on the economic meltdown.

[UCGal]

My standard reply to all of this – there’s enough blame to go around. So – all of the above.

But – I’d add another category – politicians who got rid of Glass Steagall.

I’d put some blame on Phill Gramm, Jim Leach, and Thomas Bliley – sponsors of the Gramm-Leach-Bliley act that gutted Glass Steagall – and some blame should go to President Clinton – who signed it into law. (I’m a bi-partison blamer.)

The GLB act, passed in 1999, blurred the lines between insurance companies, investment banks, and commercial banks. It allowed banks to be active participants in derivitives… I created the structure that turned into the giant shitpile that brought on the economic meltdown.

[desmond]

Banks, specifically Tyra Banks:

http://ams30.wikispaces.com/file/view/1997_sports_illustrated.jpg/30676964/1997_sports_illustrated.jpg

[desmond]

Banks, specifically Tyra Banks:

http://ams30.wikispaces.com/file/view/1997_sports_illustrated.jpg/30676964/1997_sports_illustrated.jpg

[desmond]

Banks, specifically Tyra Banks:

http://ams30.wikispaces.com/file/view/1997_sports_illustrated.jpg/30676964/1997_sports_illustrated.jpg

[desmond]

Banks, specifically Tyra Banks:

http://ams30.wikispaces.com/file/view/1997_sports_illustrated.jpg/30676964/1997_sports_illustrated.jpg

[Author]

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