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Phil Gramm


that exempted over-the-counter derivatives like credit-default swaps from regulation

played a leading role in

repeal of the

Glass-Steagall Act, which separated commercial banks from Wall Street
clipped from: www.time.com   
Angelo Mozilo


co-founded Countrywide

legitimize the notion that practically any adult could handle a big fat mortgage
clipped from: www.time.com   
Alan Greenspan


disciple of libertarian icon Ayn Rand

his long-standing disdain for regulation are now held up as leading causes of the mortgage crisis
clipped from: www.time.com   
Chris Cox


ex-SEC chief's blindness

Cox oversaw the dwindling SEC staff and a sharp drop in action against some traders
clipped from: www.time.com   
Hank Paulson


He ended up

running the country's economic policy for the last year of the Bush Administration

was late to the party in battling the financial crisis, letting Lehman Brothers fail was a big mistake and the big bailout bill he pushed through Congress has been a wasteful mess
clipped from: www.time.com   
Joe Cassano


founding member of AIG's financial-products unit
clipped from: www.time.com   
Ian McCarthy


CEO of Beazer Homes

lying about borrowers' qualifications