In December of 2007, the United States economy slipped into a recession that would become the most profound financial crisis since the Great Depression. The origin of the recession varies by which economist is asked. Some economist contribute the recession to the rise in oil prices and the weak dollar. The common theory to the 2007-08 financial crisis is the collapse of the housing market bubble and the related subprime mortgage crisis. Consequently, the results of these two problems contributed to the decline of both consumer and corporate credit. During this period, financial institutions were filing for bankruptcy or they were being bought out, small and medium businesses were closing because banks were wary of lending money, and unemployment
