21 Dumbest Moments in Business 2008

We don't know whether to laugh or cry. Our annual list of the year's most laughable moves proves that, even in moments of crisis, stupidity lives on.

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Detroit pleads poverty - in style
Detroit pleads poverty - in style
Detroit execs were initially hoping for $25 billion - and a quick getaway.
Like someone arriving at a food bank in a limousine, the chief executives of the three major U.S. automakers spark outrage when they fly their corporate jets to Washington D.C. to beg Congress for a multi-billion dollar bailout.

Yes, we know that corporate jets are often a cost-effective way for the heads of far-flung corporations to get around. But someone should have known this wasn't going to look good (and, sure enough, Congress sent the auto chiefs away empty-handed). At the very least, couldn't they have shared a ride? -- By Peter Valdes-Dapena, CNNMoney.com senior writer

What do you think was the year's Dumbest Moment in Business?Join the discussion now.

NEXT: Lamest road trip ever
Last updated December 31 2008: 10:36 AM ET
Lamest roadtrip ever The Big 3 CEOs' drive from Detroit to D.C. to request a bailout was classic. More video
How to lose an electionJohn McCain's statements about the economy may have killed his campaign. Morevideo
The ballooning bailout Expanding from three pages to 451, the TARP bill was loaded with pork, eventually resulting in a flip-flop by Paulson. Morevideo
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