Comments (sector banks and financial crisis)

In my opinion banks are one of the biggest reason of global financial crisis, that banks used to give loans to people that they cannot pay the loans back, so the solution for the global finance.
I blame the subprime crisis on the irrational exuberance that drove the economy’s two most recent bubbles–in stocks in the 1990s and in housing between 2000 and 2007. My only criticism is that the book could use more analysis of the psychology behind the current bubble. The expansion of capitalism in China and India somehow affirmed Americans’ notion that the land available for housing is scarce and thus valuable.