The Ayn Rand enthusiast was nearly branded the God of Money. As Fed Chairman, his easy money policy after the dotcom collapse in 2000 seemed like the perfect policy prescription for what ailed us. And it was. Until the chairman refused to do what Fed Chairmen are supposed to: take away the punch bowl just when the party's getting good. By not raising rates quickly enough in a real estate bubble, Easy Al helped let the money flow to every high-risk, no document loan applicant extant. The former Fed Chairman was forced to admit that he was completely wrong about the risks in the system from subprime mortgages and the bonds sold against them. The man famous for his expository obfuscation was forced to admit: I screwed up.
The Top 10 Everything of 2008
- Top 10 Albums
- Top 10 Animal Stories
- Top 10 Awkward Moments
- Top 10 Best Business Deals
- Top 10 Worst Business Deals
- Top 10 Breakups
- Top 10 Buzzwords
- Top 10 Campaign Gaffes
- Top 10 Campaign Video Moments
- Top 10 Children's Books
- Top 10 Crime Stories
- Top 10 Editorial Cartoons
- Top 10 Election Photos
- Top 10 Fashion Faux Pas
- Top 10 Fashion Moments
- Top 10 Fiction Books
- Top 10 Financial Collapses
- Top 10 Fleeting Celebrities
- Top 10 Food Trends
- Top 10 Gadgets
- Top 10 Green Stories
- Top 10 iPhone Apps
- Top 10 Late Night Gags
- Top 10 Magazine Covers
- Top 10 Medical Breakthroughs
- Top 10 Movies
- Top 10 Movie Performances
- Top 10 Museum Exhibits
- Top 10 News Stories
- Top 10 Non-fiction Books
- Top 10 Oddball News Stories
- Top 10 Olympic Moments
- Top 10 Open Mike Moments
- Top 10 Outrageous Earmarks
- Top 10 Photos
- Top 10 Plays and Musicals
- Top 10 Political Lines
- Top 10 Quotes
- Top 10 Religion Stories
- Top 10 Scandals
- Top 10 Scientific Discoveries
- Top 10 Songs
- Top 10 Sports Moments
- Top 10 T-shirt Worthy Slogans
- Top 10 TV Ads
- Top 10 TV Episodes
- Top 10 TV Series
- Top 10 Underreported News Stories
- Top 10 Video Games
- Top 10 Viral Videos
A yearbook of all the top events you've been talking about