I am sure other answers will give you political and economical factors leading to the crisis.
I would like to show you THE key factor which is the human factor.
The root cause of this crisis and in fact for any crisis we face today is the corrupt relationship between human beings.
We all want to exploit the others for our self benefit as much as our circumstances allow us.
At the same time humanity arrived to the global age, when we are all interconnected and interdependent.
We are a single creature.
With our present attitude to each other we are like cancer.
And it does not only concern the USA, but the whole world, as we can see the crisis does not stop at any borders either.
The only way to solve the crisis is changing our attitude to each other.
And it is something we can achieve if we all want it. The solution is in our hands!
Here is a 4 minute video you might be interested in:
http://www.youtube.com/watch?v=g94iWT2SI鈥?/a>
I hope it helps, all the best.What are the factors that cause financial crisis faced by USA?
Bill Clinton removed laws put in place after the great depression to keep people from taking out mortgages that can't afford them.
911- recession still has ripple effects into the mortgage crisis
Some figures in the democrat congress forced banks to accept loans to underprivileged people. (not only is this a bad idea for the poor people, but a bad idea for the banks and our economy as a whole, but thats ok it was really nice of them)What are the factors that cause financial crisis faced by USA?
The people in control, the Bilderburger group, the Rockefeller family, The one worlders, etc. want it that way.
So that they can make the masses into slaves, and not have to pay them living wages.
So that the world government can control everybody, by making all nations totalitarian police states.
So that the top 1% of the world's population can control 99.9% of the money of the world - sort of the opposite of Robin Hood, Take from the poor and give to the rich.
So that the middle class can be completely eliminated.What are the factors that cause financial crisis faced by USA?
There's still no definite answer. You could ask 3,000 economists and experts and you would probably get 3,000 answers LOL.
I'm currently doing an article on this subject specifically. Maybe you could be interested.
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