Since 2007, the world has been engulfed into a financial crisis that has come with devastating effects to governments, businesses, and consumers all over the world. There is little doubt that the current financial crisis is the worst in the world since the Great Depression of 1930s. The crisis has produced a global effect characterized by massive failures of financial institutions and businesses while consumer wealth has declined by trillions of dollars. In general, there has been continued decline of business activity around the world but most significantly massive lay offs that has rendered millions jobless in the world. The current financial crisis started with a bubble in both the stock market and real estate in the United States and in few years later subprime mortgage crisis gave way to the current crisis.