So - when will people go to jail??!

[englishman26]

And who's going first?

My vote goes for Phil "nation of whiners and economic advisor to McCain" Gramm. This guy is a real piece of work - creating the commodities trading bill that created the Enron scandal and the bill that created the $70 trillion CDS ponzi scheme!

http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html

Let's make a list. (I don't think Bernanke can be on the list - or even Greenspan - this is a list of people to go to jail - not a list of people who made decisions that turned out to be bad for the economy even though at the time it seemed like the right thing to do. I suppose there's a fine line!)

Next Angelo "Tan Man" Mozilo.

[Horsefish]

Eman, you are in rare form today! I'll play.

The attorney general will create a new prison on the tropical coast somewhere with palm trees and a golf course (to be maintained by inmates of course). All cells will be air conditioned and have high speed internet connections.

There will be highly visible congressional investigations and many perp walks. Angelo Mozillo will be the first inmate followed by Fuld of Leyman.

The inmates will still serve on the boards of various financial institutions through their internet connections. Can't have to much of a brain drain don't ya know.

Oh!...and their health care, pensions, will be continued from their original firms or grandfathered by the govt.

Terms will be three to five years.

Thanks for providing this opportunity to blow off some steam.

[englishman26]

Seems like there's Anderson Cooper's "Culprits of Collapse" http://ac360.blogs.cnn.com/

#10: Joe "no relation to that gladiator chick" Cassano, AIG :thefinger:
#9: Dick[head] Fuld, Lehman Bros :thefinger:
#8: ?
. . .

[jacobnbr1]

Seems like there's Anderson Cooper's "Culprits of Collapse" http://ac360.blogs.cnn.com/

#10: Joe "no relation to that gladiator chick" Cassano, AIG :thefinger:
#9: Dick[head] Fuld, Lehman Bros :thefinger:
#8: ?
. . .


I'll bite...

NO ONE!

LOL

[Survivor]

#8, Bush/Cheney...:thefinger:

[Gordo]

And who's going first?

My vote goes for Phil "nation of whiners and economic advisor to McCain" Gramm. This guy is a real piece of work - creating the commodities trading bill that created the Enron scandal and the bill that created the $70 trillion CDS ponzi scheme!



Any member of congress that voted yea for the bill.

[John Law]

http://patdollard.com/2008/10/it-is-here-the-banned-snl-skit-cannot-hide-from-louie/

I think the culpability is a bit wider than is usually owned.

[englishman26]

That's pretty funny!

Indeed there is an argument that every person who bought a house that they couldn't truly afford, is to blame. But I think they'll be screwed for years (perhaps for the rest of their lives) anyway so I don't think it's necessary to seek to punish them (a little kick while they're down will be fine).

It's seem Chris Cox of the SEC made #8 on AC's list. Hard to argue with the lack of oversight that the SEC have shown over dozens of issues but it is painful to see how understaffed and under-funded they are. I believe there's an investigation into how the SEC let Bear Stearns slide on their MBS valuations (http://money.cnn.com/2008/10/10/news/companies/sec_investigation.ap/index.htm). It's pretty sad when the investigations of the SEC are more probing than the investigations by them!

[englishman26]

#7: Phil Gramm