Bill sends along a link to an article in the Guardian which profiles the twenty-five people most responsible for our current economic woes. At the head of their list is former chairman of the Fed Alan Greenspan.
It's an interesting list, and I'm sure everyone on it deserves to be to one extent or another. My only reservation is that it reflects too much the Guardian's left-wing, anti-free market bias. There are a lot more Democrats who should have made the list, but didn't. Barney Frank and Maxine Waters, for example, should have been given due recognition for their valiant efforts to obstruct closer oversight of Fannie Mae and Freddie Mac. So, too, should the former CEOs of these two lending organizations, Franklin Raines and Jim Johnson. Moreover, groups like ACORN have a legitimate gripe about being denied due recognition on the Guardian's list. These community activists often pressured banks under threat of lawsuits to make loans to "ninjas" (No Income, No Job Applicants). They deserve at least an honorable mention.
Moreover, if the Democrats are successful in saddling our children and grandchildren with another trillion dollars of debt from the current $900 billion unstimulus package we'll be able to add Barack Obama and the entire Democratic Congressional delegation to the list as well.
It's a big tent and everybody who deserves it should be given credit for their efforts.
RLC
