Image: Stock Pick Systems

10. Mervyn King

Image: Zero Hedge

The governor of the Bank of England actually contributed to the United States’ financial crisis when he cut interest rates to a post-war low of 3.5%. His reasoning was that monetary-policy making would eventually become “boring” without taking risks. Unfortunately, as the crash took hold, King refused to flow cash into the financial statement, using the excuse of “moral hazard” and believing some banks did not deserve a bailout. This lack of being pro-active shook the international financial community for many years.