DIGG THIS The 2007–2008 financial crisis had its genesis in the United States housing markets, but it rapidly spread to other economies, first to the United Kingdom, but then almost everywhere else, including such unlikely spots as Iceland whose banking system collapsed. Because events in the United States triggered the crisis, this essay will concentrate on the US causes although they had their many counterparts elsewhere. There are at least three long-standing background influences that contributed to the financial debacle that dominated the US economy in 2008: For almost 100 years, the US government has not felt constrained to match … Continue reading The Crisis in 10 Points