4. Warren G. Harding

Presidency: March 4, 1921 – August 2, 1923

Warren G. Harding was known for his pure financial irresponsibility attitude. Harding had presidential election in which for the first time women were permitted to vote. Harding had passed on his official duties to his appointees, while he kept himself occupied with golf, poker and mistresses.

Also Check Out: 5 Assets to Make You Rich

Harding's lack of concern in the political matters had lead to the spread of corruption in the White House. While the President was busy enjoying his social life, his associates looted the federal government in every way possible. The biggest blunders his associates created were the Teapot Dome scandal. The Teapot Dome concerned the oil reserve in Wyoming which was kept hidden by a rock formation in the shape of a teapot. Harding's secretary of the interior in exchange for bribes, allowed a dozens of oil entrepreneur to plunder a large federal oil reserve in Wyoming. To summarize Harding's legacy in his said words - "I am not fit for this office and should never have been here."

Also Check Out: Top 10 Richest Banks in the World