Originally Posted By: Am_Fear_Liath_Mor

The current financial crisis was brought about by the collapse of the mortgage backed securities bubble bursting leading to the bankruptcy of many of the Trillion Dollar Asset sheet banks around the world requiring the bailout from central governments across the world.


It's more complicated than that, but it's part of it.

For another maor par of the story chck out the value of dollars in yuan and see if you note a change in the trend in August 2008.