One of the biggest causes of the financial crisis was debt: at personal, corporate and government levels. We all remember the 2008 stock crash and the corporate giants like AIG and Lehman Brothers that crashed and burned because of excess debt and leverage.
The crisis was alleviated only by transferring corporate debt to governments – nowhere more so than in the United States. Here, late in 2011, it appears the crisis was never really licked. The can was merely kicked off into the future. Read Full by Jonathan Chevreau
