Saturday, October 11, 2008

Who's to blame? OC's Cox makes CNN's list

For what it’s worth, CNN’s Anderson Cooper is presenting a series of reports about who’s to blame for our financial crisis (Ten Most Wanted: Culprits of the Collapse). Thursday night, Cooper explained that
This week and next week, every night, we will be adding a name to the list and telling you what they have done, and how much it’s costing you. It’s a rogues gallery of Wall Street executives, politicians, and government officials who did not do their jobs. It’s time you know their names, their faces, it’s time they be asked to account for their actions.
“Now is the time to talk about blame,” argues Cooper. I'm sure he's right about that.

I don't know enough about this crisis to judge the fairness of CNN's list (only 3 of the 10 "culprits" have been revealed thus far). Time will tell, I suppose. 

It's a sure bet, though, that all ten on their list are deserving of blame. 

My guess: the American consumer/debtor will make the list.

#10: AIG/Joe Cassano
($120 billion. Remember their St. Regis [OC] retreat?)


#9: Lehman Brothers/Richard Fuld


#8: SEC Chairman, Republican Chris Cox
(of Orange County!)

Roy's obituary in LA Times and Register: "we were lucky to have you while we did"

  This ran in the Sunday December 24, 2023 edition of the Los Angeles Times and the Orange County Register : July 14, 1955 - November 20, 2...