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Title : What Happened in the Credit Crisis?
link : What Happened in the Credit Crisis?

What Happened in the Credit Crisis?

The credit crisis was a result of a variety of bad things happening at once after numerous people made bad decisions on investments and homes. Basically, it all started in 2001 when the Alan Greenspan lowered the interest rate on treasury investments to 1%.

When the interest rate became 1% on T-bills, investors across the country, despite the safety of the investment, decided that it really wasn't worth investing in something that would only gain them 1% interest on top of their original money. So they started looking for alternate investments.

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