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*Millions of people became homeless because of a financial crisis
* Businesses have closed down
The* economy is sluggish and unemployment has increased by 6%(**Congress said the crisis was unavoidable)
*2008 Banking crisis
Causes of the crisis
-Failure in financial regulation/ Reckless behavior by financial firms and Excessive borrowing by houses and wall street/LAck of ethics and accountability in all levels
How the 2008 Banking crisis happened
*The housing bubble - the tech dot crashed by exposing the frauds and exposing fraud companies .The goverment solution is by decreasing interest rate that increased house loans by 127% since 2000 and its called the house bubble bloom. House price increased and borrowing interest rate decreased
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