Thursday, March 27, 2008

Credit Crisis: A Who's Who Guide

The San Francisco Chronicle recently listed A Rogues' Gallery of Credit Crisis, for those of us confused as to who, exactly, is burning down the house of cards.

My personal favorite;

Wall Street's Nero: Bear Sterns' gruff ex-CEO James Cayne made a big bet on the mortgage market and then fiddled around at bridge tournaments while his company burned through billions of shareholder value. JPMorgan Chase & Co. steals the company once worth $169 a share for $2 a share after it helps with the government bailout.

It mentions Greenspan as the "Ultimate Fall Guy", but I'm not so sure about that. I need to finish reading his book, and maybe brush up on some economic theory (who said life is without its small pleasures) before I get off the fence on that debate.

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