I Have a Little List

Time magazine has again demonstrated its irrelevance in the Internet age with a fatuous feature called “25 People to Blame for the Financial Crisis.” The failure here is two-fold: One, the editors’ choices of who’s to blame, and two, the reader poll ranking those choices. Let’s start with who’s on the little list – or more to the point, who’s not. Time did an OK job of unearthing lesser-known names who definitely bear some culpability in the disaster – such as AIG’s Joe Cassano, who did much to unleash the nightmare of credit-default swaps. But how can anyone take this … Continue reading I Have a Little List