October 13th, 2008
10:01 AM ET

Culprits of the Collapse – #8 Chris Cox


So who is to blame for this financial fiasco?
That’s the question we’ve begun investigating.
We’ve put together a list of the Ten Most Wanted: Culprits of the Collapse.
#8 on our list: SEC Chairman Chris Cox. CNN's Joe Johns reports

soundoff (13 Responses)
  1. Julie

    it's outrageous Bush govt. didn't wake up on time. These are the people we trusted to keep an eye on the country. They were not proactive and now we hear the talk of "we got work to do". WHY? coz they never did it before!
    what are the penalties for these 10 most wanted people?
    what is the penalty for Mr. Bush for not caring enough for his own country?
    who are the other people outside these 10 most wanted that played major role in current severe conditions?
    how is our new president going to react to these 10 people?

    Julie, NC

    October 13, 2008 at 6:27 pm |
  2. Maria

    Anderson: I hope you include Barney Frank, Chris Dodd, and Franklin Raines to your list. I have not heard anyone at CNN mention the 2004 House Committee Hearing where Democrats like Maxine Waters, Richard Baker, Gregory Meeks, Lacy Clay are blasting Armando Falcon and the Republicans because they were asking for regulations. Saying nothing was wrong, and went on to praise Franklin Raines for a job well done. Of cource CNN will not mention that from 2002 until recently the Republicans have been calling for regulation of Freddie Mac and Fannie May, but Democrats have stopped them at every turn. I click on your web site and I see a link for a Barak Obama web page. It's abvious Anderson that you and CNN are on the Obama train. I will watch to see if any of the names I mentioned above are on your list. I'm thinking....nope
    Vote McCain!!!!

    October 13, 2008 at 5:56 pm |
  3. Richard in Cincinnati

    I hope CNN looks at Phil Gramm, a foreign lobbyist who helps McCain. He was powerful when the Republicans controlled Congress for 14 years, and helped to do away with reasonable regulations on housing, etc.; the McCain staff is FULL of special interest lobbyists and he takes money from them.

    Sen. Obama and Sen. Biden's campaign do NOT take lobby money. Their campaign is funded by the average voter.

    They are not taking taxpayer money like McCain is. Legally he is supposed to not be holding fund raising events if taking taxpayer money, but he does anyway! Shouldn't CNN report on that !

    October 13, 2008 at 5:53 pm |
  4. JB

    Hey frank775,

    don't worry, 7 more days to go. I am sure it will get covered.

    October 13, 2008 at 5:40 pm |
  5. Michael G. Kershaw

    Symptoms of a declining economy commenced in July 2007 with companies such as Country Wide attempting to keep their heads above water for unscrupulous behavior. Indicators from other corporations became prevalent along the way when bailouts/bankrupty from noted companies asking for governmrent reprieves. The "Ten Most Wanted List" should have been presented the same night instead of procrasinating the outcomes of their defeat ( CEO, CFO and Presidents of notoriety ), who ultmately will not be effected by their inadequacy to survive, only the investors will succumb to the money lost by people they trusted. The blunders come at a time when the focus is on Bush. How ironic!! Let the people of the United States hold the hierachy accountable without any reprives, only then I believe we will have a stable environment.

    October 13, 2008 at 5:30 pm |
  6. Rick K

    Granted I believe these CEO's and other executives should take some of the blame, but what about the Board of Directors of these companies? They are the ones approving the CEO's and other executives salaries! Aren't they the ones that should be looking out for the shareholders best interests? If we are casting blame, lets make sure we include all parties.

    October 13, 2008 at 4:31 pm |
  7. Nomi

    The fact that these crooks have not been put in jail reflects how corrupt our government is. The Bush administration wages illegal war in the Near East under the guise of bringing them democracy, when our democracy is crumbling by the minute.
    Now we can understand why Bush has ordered an army brigade to be available to monitor "crowd control" on American streets (an act -posse comitatus- that is considered illegal but Bush used another one of his famous signing statements to overide it).
    Bush is worried because he should also be on your list above, along with an invisible opposition party.

    October 13, 2008 at 4:14 pm |
  8. Greg

    Our tax Dollars at work. No investigations for 18 months???????? How could they not see this coming in some fashion. Maybe not the disaster but you would have to know that giving crazy laons to people who can't afford them is going to cause a problem. Record forclosure and no need for an investigation??

    October 13, 2008 at 1:53 pm |
  9. frank775

    How about the do nothing democrat congress that has done nothing since they have been in power. Or Obama's economic advisors who in 2004 pushed mortgages to people who could not afford them at interest rates they could not afford.

    October 13, 2008 at 11:44 am |
  10. angel

    I think "Culprits of the Collapse" is one of the most important stories that CNN has ever done. Putting faces on our deterioration helps. It brings me much joy to have faces to despise and curse.

    The sad thing is: There will be no ACCOUNTABILITY for any of these people. I imagine they are thrilled with being fired or "let go". $$$$$

    October 13, 2008 at 11:33 am |
  11. Michelle ,fonthill,ont, canada

    Thanks for naming names and keeping them honest as only AC 360 can do! These men are crooks and should be fired! They should not only fire them but forcer them to live as a middle class person who's struggling to make payments and live week to wek day to day then they would know what it feels like to walk a mile in someone else's shoes!

    Thanks for the blog Anderson
    Michelle D.

    October 13, 2008 at 10:53 am |
  12. Gene Penszynski from Vermont

    The absolute arogance of these greedy fools is beyond belief. They are the quintisential embodiment of Herbert Hoover style greedy, uncaring , unpatriotic self serving capitalist pigs. they readily outsource the infrastructure of this nation as well as the high paying middle class American jobs that go with them. They show no distain for dealing with the slave laboir colonies iof India and COMMUNIST China as long as it makes them a few more millions. they show absolutely no compassion for the American worker and their lust for money and power clearly over shadows any concern for teh safety and security of the United States of America. These folks are pure and simple TRAITORS to our great country. That add nothing they only take away !

    October 13, 2008 at 10:34 am |
  13. Cindy

    While this top ten is an OK thing to be doing I'm just wondering about all of the other people that you all can't name that have just as much blame in this, like the banks and all of the ones who loaned out this money to people who they knew couldn't afford these houses. It's like you all are giving them a free get out of jail card because you can't name their names.

    Also I'm wondering if you all are going to get into the politicians and name names there. I mean a lot of them had their hands in the cookie jar and did nothing to curb this mess. This didn't just happen over night. They have had years to see what was going on and to change it before it ever got this bad. As far as that goes what about the dems controlling congress for two years yet changing absolutely nothing yet now wanting to blame this whole mess on the Republicans. I think something needs to be said about that also.


    October 13, 2008 at 10:33 am |