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Poll finds Alan Greenspan to blame for credit crisis

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Tuesday, June 30, 2009

Greedy bankers are routinely blamed for the credit crisis but one British-based poll of — well, financiers — spreads the blame more widely.

Gary Jenkins, Head of Fixed Income Research at Evolution Securities, wanted a more specific scapegoat and ran a poll of about 200 mostly fund managers and investors asking them to pick their credit crisis culprit.

Former U.S. Federal Reserve Chairman Alan Greenspan was the clear winner, picking up 35 percent of the votes. Once considered one of the world’s greatest central bankers, he has been widely criticized over the past year for low interest rate policies that helped fuel the credit boom.

Former U.S. president Bill Clinton figured quite prominently with about 10 percent of votes, and British prime minister Gordon Brown also got quite a few.

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This article was posted: Tuesday, June 30, 2009 at 3:34 am

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