Wonder if Jon Stewart will go after financial expert Suze Orman the way he did Jim Cramer after he checks out this version of passing the buck:
Former President George W. Bush is personally responsible for the current financial crisis and should give every penny of his family fortune to the American people as a result.
So proclaimed financial advisor Suze Orman in an article published Friday at WWD.
Ironically, the piece also pointed out that Orman didn't foresee the collapse of the financial services industry, and not only continued to recommend people buy real estate as the bubble was being pumped, but also purchased an expensive apartment in New York City close to the peak.
That's probably Bush's fault, too:
Sitting in a green room after her TV interviews, she lambasts everyone from Alan Greenspan to Larry Summers to the former president of the United States, who holds an especially dark place in her heart. “Commander in Chief?” she says of George W. Bush, with a mix of disbelief and scorn. “You blew up every single financial vessel we had and if you think you aren’t personally responsible, well, the blame starts at the top. There is no higher top than you, SIR! If I were you, I would feel so absolutely horrific that I would take every penny I had and distribute it to anybody and everybody to help them in whatever way I could. You owe the American people every penny of your fortune and your family’s fortune.”
Wow. It's all his fault. And this is a so-called financial expert?
Honestly, I wish the author would have asked Orman to name the pieces of legislation that were enacted since January 2001 which caused the financial crisis. That would have been a hoot.
Maybe more important, as she preaches personal financial responsibility, irrespective of government regulation or lack thereof -- and, of course, who was actually responsible for reducing such regulation -- how is a president to blame for malfeasance and negligence on the part of corporations here and abroad?
I know a couple of people personally, now in dire financial straights, who've sworn off this chick's books after following her financial "advice" for years. How fitting that this manly lesbo would pass the buck and conduct some Monday morning quarterbacking in lieu the economic mess we're in. Meanwhile she gets paid because so many naive idiots continue to swear by her.