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25 People to Blame

ZoomZoom Diva

New Member
In some cases, yes, and in some cases no. I find the charges raised in the profiles are presented in an excessively black and white context. For example, CDO's are good and perfectly legitimate securities in and of themselves, so the person who developed them should not be blamed for how they used. However, I believe those who failed to do their jobs or created a culture of imprudence or were imprudent themselves should be considered accountable for their roles. They also did not indict the people who spearheaded the change in accounting standards to force people to expense losses while still holding securities.
 
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