2008 recession winners

©2020 Verizon Media. He is now a Ordinary Americans have long been blamed for the financial crisis, for taking out loans they had no hope of servicing for cars, homes and other things they could not afford.

The immediate effects were stark. Many say his love of deregulation and his hands-off approach toward an increasingly complicated financial system played a big role in the ensuing crisis. Unemployment stood at nearly While the economy has seen an extended period of growth since and unemployment levels are near record lows, the recovery hasn’t been an even one. Some grew wealthier. She is a founder of the American Bar Association’s Women Caucus and has for the early warnings she made about the financial system.

Or insulted. She has the power and stature to thwart many of Obama's desired regulatory reforms.The new SEC boss, Mary Schapiro comes in with a big mandate -- and big pressure -- to reform the struggling agency and improve financial oversight.Unanimously confirmed by the U.S. Senate, Schapiro is the first woman to serve as the agency’s Chairman. The Dallas banker, best known for playing poker for the highest stakes against the pros, stopped lending during the boom, and has started again during the bust. From 1996 to 1999 she was the chair of the Commodity Futures Trading Commission, a small independent government agency.

Penn, meanwhile, whose Chief Investment Officer Kristin Gilbertson has done far better than most, minimizing its losses by using conservative strategies.Short sellers have been demonized during much of our financial crisis. Geir Haarde, who served as prime minister during and after the crisis, stood trial in 2012 in a special criminal tribunal in Iceland, accused of misconduct in office. But he's still a beloved figure online and on CNBC.

In the U.S., this meant propping up the banks with a $700 billion bailout, leading to anger that while the banks were saved, ordinary people were left to sink. The first signs came in 2006 when housing prices began falling.

But he was talking at a time when the economy seemed in great health, and he was largely ignored.

She left the agency just less than a year later. And still others just consolidated their power.Prior to March, 2009, few folks had heard of Doug Kass. But she's hung on, and with so many small banks failing, her responsibilities and influence have only grown. Her latest two books,

He has also Timothy Geithner was president of the Federal Reserve Bank of New York in 2008 when Lehman Brothers collapsed. A ll crises create winners and losers. Warren is also a professor at Harvard Law and has written eight books and more than a hundred scholarly articles dealing with credit and economic stress. In 2007, the U.S. subprime mortgage market … By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider

All rights reserved. But right at the bottom, he said the stock market was at an "intergenerational low," and boy did he nail it. By Laura Paddison. Larry Rajan was governor of the Reserve Bank of India between 2013 and 2016.