I consider myself to be generally an optimist, but this current recession has caused me to reflect less optimistically about the state of the economy and its future. The factors leading up this current recession seemed all so avoidable, but an underlying greed brought the economy almost to utter ruin. The catalyst was the crash in the housing market and this crash was brought about by greedy mortgage brokers and investment managers who were looking for a way to increase profits exponentially. The financial crisis across banks and other constituents also suffered from an almost total lack of ethical constraint as they took major risks that would have been thought too dangerous and reckless decades earlier.
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