The cause of our current economic crisis is easily summed up by bingle word. The word carries a definition which is one of kind-hearted’s worst traits and even included in one of Christianities truly well known teachings, the seven deadly sins. This word is rapaciousness. Greed is caused by desiring something such as silver and acquiring an excess amount of the suitable thing by any(prenominal) means possible. The intellectual for why Greed is considered a blighted trait is because the accomplishment methods for what somebody believes atomic number 18 usu solelyy rakishly thought through and result in personal restore from others suffering. They also usually result in excess amounts of the preferred thing when the amounts ar not even needed. Often these things be needed by others as well but those others atomic number 18 The methods of acquisition are also usually made up by very naïve thoughts. Greed supplemented by naïve thoughts is what c aused the economical crisis we are under now. Human’s passion for specie is in good order satisfied by our ability to kick in each other property in return of the money back at a later time. only if what happens when we supply money to someone and they cannot net profit you back. This is what happened with banks and their account holders. Many banks in the USA were lending taboo money in excess amount.

The more money transform out, the more profits they testament make because of the interest pass judgment placed on the add money. These banks were very naïve though because what they did not par ticularor properly into account was that the! money lent out might not necessarily get paying back. These Naïve thoughts also were mirror by these banks customers. The customers saw the opportunity that they were able to acquire a lot of money so many an(prenominal) decided they would. But they did not consider the fact that they may not be able to pay it back. This all resulted in many banks losing their money and in the end many banks fell into bankruptcy. Mortgages on signal were the main issue that caused the economical crisis. Banks would...If you want to get a full essay, order it on our website:
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