What Caused The Economic Crisis – Who’s To Blame

When it comes to the current economic crisis, there’s plenty of blame to go around.

The key factors are:
•Too much available credit, starting in 2000
•Too many changes in the mortgage industry when lending standards were all but discarded
•Too many people across America buying houses they couldn’t afford
•Too many subprime loans going bad (loans given to people with poor credit or high-risk factors)
•Too many complex financial instruments masking toxic assets (subprime loans packaged and resold with healthy assets)
•Too little regulation in the financial industries worldwide
•Too much greed on Wall Street
•Too much fear on Main Street

Now that we’re in this mess, what’s the best chance for recovery?

No one knows, but in 2008 and 2009, economic stimulus packages have been introduced at an alarming clip, with trillions of dollars being used to address systemic economic woes.