Financial Crisis


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The crisis in the economy of United States of America is blamable to every American citizen’s right from traders to the financial institutions such as bank as well as the political class. The most suspected reason behind the economic crisis of 2008 was the idealistic mission to spend excessively which has characterized America in the past twenty years. This spending was not having any relationship to do with increased productivity but was based on what individuals or America as a country has. This influenced people into devastating debts so that they can improve their lifestyle (Cited in Somerset, 2009).