CNBC names person of the year

CNBC has entered the fray of media outlets looking back and reflecting on 2007 with lists and picks. The business network today named the American Homeowner as Person of the Year on the same day that Time magazine named Russian President Vladimir Putin as its Person of the Year. Quite a contrast.
"There is no question that the subprime mortgage crisis has had a major impact on the U.S. and world economy," said Jonathan Wald, Senior Vice President of Business News in the release. CNBC.com is also running a "live vote" on whether or not viewers agree with their choice or if they side with Time on this one.

Read the full release here.