By the summer of 2009, many observers concluded that a catastrophic financial collapse, which seemed all but inevitable the previous fall and winter - was averted. Despite the recession still has not declared over, the economy, and to stay away from hard, many believed that the worst of the crisis is over. With the global financial system will not develop into an abyss, government officials, business leaders, and the American taxpayers can now take stock of where they were and where they should be headed. In particular, many wondered how the disaster happened in the first place: what caused severe financial crisis of 2007-2009, the "Hide
by David Moss, Cole Bolton Source: Harvard Business School 68 pages. Publication Date: June 15, 2011. Prod. #: 711104-PDF-ENG
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