The Credit Crisis

Cheap money, an uncontrollable appetite for multi-leveraged, risky debt -- both corporate and mortgage-related -- hedge funds built around exotic financial instruments and financial institutions that eschewed reliable credit standards in a seemingly unquenchable thirst for growth are the elements that have worked in concert to create a level of credit market turmoil not seen since the Great Depression.  Even more remarkable is how some of the most respected names in banking and finance fell prey to poor credit judgement.  CreditPulse will run a series of articles that takes a closer look at some of the fundamental mistakes that created this crisis and how they can be avoided in the future.