Market Finance Time

Real Story Behind the Recession

January 26, 2009

The worst economic turmoil since the Great Depression is not a natural phenomenon today Guardian totes, but a man-made disaster in which we all played a part. In the second part of a week-long series looking behind the slump, Guardian City editor Julia Finch picks out the individuals who have led us into the current crisis

So, who are those who led us down the Road to Ruin?

Alan Greenspan, chairman of US Federal Reserve 1987- 2006
Bill Clinton, former US president
Gordon Brown, prime minister
George W Bush, former US president
Senator Phil Gramm
Abi Cohen, Goldman Sachs chief US strategist
“Hank” Greenberg, AIG insurance group
Andy Hornby, former HBOS boss
Sir Fred Goodwin, former RBS boss
Steve Crawshaw, former B&B boss
Adam Applegarth, former Northern Rock boss
Ralph Cioffi and Matthew Tannin
Lewis Ranieri
Joseph Cassano, AIG Financial Products
Angelo Mozilo, Countrywide Financial
Stan O’Neal, former boss of Merrill Lynch
Jimmy Cayne, former Bear Stearns boss
Christopher Dodd, chairman, Senate banking committee (Democrat)
Geir Haarde, Icelandic prime minister and others.

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