George W. Bush played his role. But the blame actually falls on the banks... Mostly from the US.

ano pala ginawa ng banks? tinago ang money o naglabas ng sobrang daming bills? ehehe

papalabas ng pera without thinking kung mababalik ba ito...

Beginning with failures caused by misapplication of risk controls for bad debts, collateralization of debt insurance and fraud...

large financial institutions in the United States and Europe faced a credit crisis and a slowdown in economic activity.

but y did Obama signed the massive fiscal stimulus fund/package if sobra naman pala money na pinalabas ng banks?

*sign

This should answer your question.

aside from that, the fund allows confidence to flow in sa investors. kasi nga crisis, lahat takot maglabas ng pera.

the fund is more or less a way to assist investors to cope up with the recession...

vhong: because...he wants to save the big banks from being bankrupt because he believes that if that happens the US economy will crumble

true?

manizer: yan lang macomment dahil walang naintindihan!!!