The cause of the 2008 financial crisis

Not since 1929 has the financial community witnessed 12 months like it. That changed during the week beginning 9 March, seven days in which the real storm broke and swept away some of the biggest and most revered names in international finance.It began on Sunday evening with an unbelievable personal fall from grace and ended with the most spectacular American banking collapse seen in decades. The government give to the banks billions of billions of dolars but it wasn enough and this is the reason that we are nowadays in thoose conditions.