I think this "crisis" is less than that. it's more like a realization. Honestly when you have 5 credit cards and you don't cancel them, use them, and make dumb choices, you'll ussually get into debt and what-not.
This time, the only difference is that the big companies got caught doing the same things as some irresponsible people. I Honestly believe that stocks are where they should have been a year ago. The dow jones should have never even reached 12k at that time.
This is why i've allways been against credit, i believe in living within your own means. this is just what happens when people try to live outside of their means. IMO, it's about time this happened.
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