I figured that eventually Time Magazine would come out with a list about the financial crisis. I thought the list was funny just because of the way is started. I figured that Bush had to be first, but I didn't really know much about the other people on the list. I also figured that the American Consumer would be pretty high on the list too, considering that as a country we haven't been helping too much with the crisis. I had to look up a lot of the people and found that a good amount of them were large mortgage lenders and members/leaders of large companies. The list made sense, but nothing practical will get done to help our economy if we focus solely on whose to blame.
I found TIME’s List of the 25 People to Blame for the Financial Crisis interesting, but not very helpful to what the American people are feeling at this time of financial instability. I totally see why any of these 25 people could be blamed for the crisis, but I also believe they are not the only guilty people. More than anything, I was very interested in reading why TIME (in partnership with CNN) believed these particular people were to blame. However, I think that the media should be focusing on strategies to help us with our finance or just more on and look forward. If we sit around reading who is and is not “blameworthy,” how can we expect to move on? I think TIME and CNN would be wise to begin to move forward and away from this blame game…but since we are on the topic, I was glad the Bush Administration was on this list. At first I thought Bush was not on the list, but when I reached his mini article, I was satisfied.
I like how one of the peoples on the list was “American Consumers.” Not that I LIKE it, but I think it is important to recognize that while many CEOs and companies failed us, many of us were living beyond our means. We must all take responsibility for the mess we are in, so I thought it was great that we were all added to the list.
I was filled with both sadness and joy when I found only two women on the list…or one and a half: Kathleen Corbet and Marion Sandler (with her husband Herb). This is good because we can technically say women have less fault than men in this crisis. It is a sad situation, however, because it means that if our economy was doing great and TIME published a “Top 25 People to Thank for the Financial Stability,” women would NOT be represented well. In the business world in general, we hear less about powerful, smart, and driven women.
I was not at all surprised to see Bernie Madoff’s name on the list. He has probably been the one person I have heard the most about since the crisis began. I was very surprised, however, that I knew nothing about most of the other people. When people voted, the person that ranked #1 in “most guilty” is Phil Gramm. I had never heard of him, or maybe I had just not been paying attention to his name, but I found the few paragraphs on him very informative. The list has made me eager to research more about the people I had never hear of before or know little about. The last person I would have expected on this list is Bill Clinton. I still don’t really believe he should be on the list, but I think TIME presented some valid points that I had never thought about.
I enjoyed this lists though roughly, but I would like to stress that an article replacing it would be best if it focused on how the American people can get motivated again or how we can help our economy. I think something more positive would help ALL of us!
2 comments:
I figured that eventually Time Magazine would come out with a list about the financial crisis. I thought the list was funny just because of the way is started. I figured that Bush had to be first, but I didn't really know much about the other people on the list. I also figured that the American Consumer would be pretty high on the list too, considering that as a country we haven't been helping too much with the crisis. I had to look up a lot of the people and found that a good amount of them were large mortgage lenders and members/leaders of large companies. The list made sense, but nothing practical will get done to help our economy if we focus solely on whose to blame.
I found TIME’s List of the 25 People to Blame for the Financial Crisis interesting, but not very helpful to what the American people are feeling at this time of financial instability. I totally see why any of these 25 people could be blamed for the crisis, but I also believe they are not the only guilty people. More than anything, I was very interested in reading why TIME (in partnership with CNN) believed these particular people were to blame. However, I think that the media should be focusing on strategies to help us with our finance or just more on and look forward. If we sit around reading who is and is not “blameworthy,” how can we expect to move on? I think TIME and CNN would be wise to begin to move forward and away from this blame game…but since we are on the topic, I was glad the Bush Administration was on this list. At first I thought Bush was not on the list, but when I reached his mini article, I was satisfied.
I like how one of the peoples on the list was “American Consumers.” Not that I LIKE it, but I think it is important to recognize that while many CEOs and companies failed us, many of us were living beyond our means. We must all take responsibility for the mess we are in, so I thought it was great that we were all added to the list.
I was filled with both sadness and joy when I found only two women on the list…or one and a half: Kathleen Corbet and Marion Sandler (with her husband Herb). This is good because we can technically say women have less fault than men in this crisis. It is a sad situation, however, because it means that if our economy was doing great and TIME published a “Top 25 People to Thank for the Financial Stability,” women would NOT be represented well. In the business world in general, we hear less about powerful, smart, and driven women.
I was not at all surprised to see Bernie Madoff’s name on the list. He has probably been the one person I have heard the most about since the crisis began. I was very surprised, however, that I knew nothing about most of the other people. When people voted, the person that ranked #1 in “most guilty” is Phil Gramm. I had never heard of him, or maybe I had just not been paying attention to his name, but I found the few paragraphs on him very informative. The list has made me eager to research more about the people I had never hear of before or know little about. The last person I would have expected on this list is Bill Clinton. I still don’t really believe he should be on the list, but I think TIME presented some valid points that I had never thought about.
I enjoyed this lists though roughly, but I would like to stress that an article replacing it would be best if it focused on how the American people can get motivated again or how we can help our economy. I think something more positive would help ALL of us!
- Aislinn Diaz
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