Video: Wall Street's 10 most wanted crisis culprits

are the ceo's of fannie and freddie on the list

House Speaker Nancy Pelosi, when asked Tuesday whether Democrats bear some of the responsibility regarding the current crisis on Wall Street, had a one-word answer: “No.”

When asked whether the Democrats “deserve some responsibility” regarding the economic crisis, Pelosi responded: “No.”

Republicans responded quickly, pointing out that a Congress led by Democrats had not helped the economy.

“The Pelosi-Obama Congress has failed to pass an all-of-the-above energy plan, failed to stop earmarks, and failed to break the partisan gridlock that plagues Washington,” RNC spokesman Alex Conant said. “If Pelosi thinks the Democratic Congress is doing a good job handling the economy now, then just imagine how bad our economy would be if Democrats controlled the White House, too.”

Why stop at 10?

The U.S. should catch and jail all of these culprits, be it 10 thousands or 10 millions!!!

Republicans as usual are in denial and want to blame it on the new congress but most if not all of this failure occurred during Republican control of the executive branch and both houses of congress. This problem did not suddenly occur over the last year and a half. Our economic system requires some regulation with penalties otherwise a few businesses or people will always abuse it.

Shame, shame shame. Purporting to identify the 10 people most responsable for the economic melt down and you fail to mention any of the central figures from the Democratic Party. I have seen Chris Dodd, Barney Frank and Chuck Schumer speak forcefully in opposition to tightening controls at Fanny and Freddie. They were each instrumental in blocking reform. They were driven by ideology, in Dodd’s case perhaps by financial gain. Somehow they didn’t make your list of culprits. In contrast, I have seen video of Secretary Snow testifying convincingly of the need to tighten controls and predicting the kind of financial crisis that has occurred if this were not done. He somehow makes your list. The hypocrisy of your series on this topic is worthy of Pravda at its most cynical. In sacrificing the means for the ends, you have done incalculable damage to your credibility among those who bother to know the facts. It will not be forgotten.

You must go back to the removal of the Glass-Steagall Act in 1999 by President Clinton that opened the doors for the banks to sell off bundled mortgages to wall street speculators worldwide. If that act had not been removed, this entire crisis could not have manifested. Follow that by the incredible irresponible fiscal behavior of FannieMae and FreddieMac and the recipe for disaster was complete.