How it came about
What I like most about the US downturn is that it is the poduct of their own greed. Who was giving mortgage's to people who didn't really qualify and then cried about it when they couldn't pay?
The problem being that alot of banks and investment funds had put money into sub prime lending institutions and the knock of effect of bankruptcy happened.
Boom then bust, I thought we had seen the last of that trend in todays modern economies?