What is the main cause of the current economic crisis?

What caused the current economic crisis?

  • Answer:

    Neal Boortz says that while the politicians want to blame mortgage brokers and lenders, the blame really falls on the politicians.

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Ultimately, banks overreached with subprime mortgages and were unable to pay what they owed to their own creditors.

Amanda B.

Causes of the current economic crisis include include high oil prices, food prices, global inflation, & increased unemployment.

Neal Boortz says that while the politicians want to blame mortgage brokers and lenders, the blame really falls on the politicians.

There are many factors to the current economic crisis. The dot com bust in 2000 started the downward spiral followed by Sept.11th.

Ultimately, banks overreached with subprime mortgages and were unable to pay what they owed to their own creditors. !

Camille Andrews

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