2. Steve Crenshaw
Steve Crenshaw is the former boss of Bradford & Bingley, which was a building society that Crenshaw retooled into a specialist buy-to-let-loan business that also specialized in self-certified mortgages. These loans were nicknamed “liar loans” because the applicant never had to show proof of income. Crenshaw foolishly thought his business and financial expertise would keep him one step ahead, but when the wholesale money market collapses, the business took a downward turn. Borrowers could no longer pay back their loans, spiraling into debt, while Crenshaw continued to ask shareholders for money. In the end, Crenshaw claimed heart problems were impacting his health and stepped down before B & B crashed and burned.