The best explanation of the Credit Crisis this author has heard was by “South Park.” Why Kyle was right to extend credit, and how you can understand this without watching “South Park” – or listening to talking heads screaming at each other on the financial networks.

About the worsening condition of the American Economy and the hope in President Obama’s stimulus plan.

Every economy in the world has been affected by the recent credit crisis. This is simply because every country has its money invested in others, be it in property or businesses or international loans. For a long time most of this money has not been regulated by the Governments. Time and again banks have been giving bailout after bailout and still they are in trouble.

Restoring confidence in the banking sector seems to mean propping up weak banks that should be closed. No bank should be “too big to fail” or the risk of bank failures will be ever-present.

What were the root causes of the 2008 credit crisis. There is both a credit crisis and a crisis of confidence in the loan markets.

What good can come out of a (severe) recession?