The 5 Best of the Worst 2007

Well, just a few days away from the end of the year. When I started this blog in July, I was just trying to see if I could find a voice and hope that someone out there would enjoy it. I think I've done just that, although I admit, I don't post nearly as often as I did. It just took too much time. Maybe I will produce more for you in the near future.

Now with that out of the way...here are the Financial Bullet's Worst of 2007

5) Robert Nardelli: What a year for Robert. He left Home Depot in shambles at the start of this year and received a nice $210 million golden parachute. And then later this year he was named Chyrstler CEO as the company was taken private.

4) Stan O'Neal: Clueless at best. Fraudulent at worst. Stan O'Neal lead Merrill Lynch into an overabundance of risk. The company posted a write-down of over $8.4 billion, he allegedly spoke to Bank of America about a possible merger without the board's permission, and was not liked by just about every individual at Merrill Lynch. And for all that, he was allowed to retire and collect $160 million on the way out the door.

3) Ben Bernanke: Sorry, at first I was impressed by Ben when he starting in this mess. But he has turned out to be a GIGANTIC WUSS. He has bent to every market urge and cry. The best medicine for this market would be discipline. Yet our current Fed boss is hesitant to put a good spanking to the market to shake out the froth.

2) Alan Greenspan: How can he not look at his hands and see blood? He has pointed the finger at everything he can possible point to. The fall of the Berlin Wall caused the sub-prime crisis? Well, he is right...but not because the wall fell. That was when Greenspan took the reins of the Fed. Remember, always remember, that it was Greenspan who called for more ARM products in 2004. It was Greenspan's Fed that dropped the rates to 1% and held them there for a long period of time. It was him.

1) Angelo Mozilo: Who else would you expect to be the Financial Bullet's Worst of 2007 poster child? More of my time this year has been spent on blasting Countrywide and their slimy CEO than any other this year. He is has been questioned for selling his stock before it fantastically tanked since August. His company is a shell (at least on the origination side) of what it once was, limiting itself to Fannie and Freddie loans only. It got ugly fast at the company. But this was the man who told all his staff, "We can't be to blame?" Well the commercials say, "No one can do what Countrywide can." No one helped run up the market and help tear it down quite like Countrywide has. And although some of the press recently has been focusing elsewhere, the stock still hovers under $10 and the company is still not out of the woods yet.

So that is it! 2007 has turned out to be a highly volatile year for everyone and 2008 has dark clouds darkening everything in the future. May you and yours have a great holiday season and good trading in the future!