Culprits of the Collapse is a CNN series focused on the people who contributed most to the 2008 stock market, and the 2008 financial and credit crisis.

Our list contains: Greenspan (real-estate bubble), Bernake (inability to manage the crisis, and overuse of his cash helicopter), Bush white house (for not being forcefull), Bankers (looking for their personal intests first), AIG (wrote insurance with little to support liabilities), Trichet (lack of independence and imagination), hedge funds putting money in carry trades.

Provide your top ten in the comments section!

Your opinion is wanted!


  1. Anonymous  

    October 17, 2008 at 9:02 AM

    1. Rating agencies (easily could have prevented this by saying "no, that's not AAA, that's junk").

    2. FNMA and FRE (nothing but overleveraged hedge funds leading to the inevitable result).

    3. Barney Frank and Chris Dodd (Community Reinvestment Act, prevented stronger regulation of FNMA and FRE, and many other sins)

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