Wednesday, December 22, 2004

"Most Influential" List Revealing

The website Builder Online recently published an editors list of people of whom "when these individuals speak, do other people listen? More important, do they act? Each of the professionals who made the cut left no doubts".

I think it is telling that number one is Fed Chair Allan Greenspan who "can continue the current housing boom or grind it to a halt". And number two is Franklin Raines, who as CEO of Fannie Mae, signed off on financials that must be restated negatively to the tune of nine billion dollars. And who was forced out of that position today.

It would seem the editors saw the most influence from a central banker and a disgraced bureaucrat, not very comforting picks for the industry.


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