The 2007-2008 Recession experienced by the United States and later experienced by the rest of the world was caused by a handful of people. It was an inside job caused by individuals exploiting the deregulated environment. The greedy pursuit for profit of a few individuals left millions in financial despair. The sad reality is that this recession could have been avoided. Massive deregulation allowed for companies to exploit the economic system. Deregulation was in the works for decades. As deregulation grew, the potential to exploit the system grew. Take for instance the merger of Citicorp and Travelers. These companies merged to form Citigroup, the largest financial services group in the world. This merger was a violation of the Glass-Steagall
