It isn't a "Financial Crisis" - we are suffering from a "Stupidity Crisis". Our financial hardships, the economy, the Second "Great" Depression which we are about to embark on is the consequence of stupidity.
Greed induced stupidity.
Let's examine the equation.
The Stupidity Crisis Equation: (A Stupid Mess Is Created) + (The Stupid Mess is Sold) + (Stupid Mess Blows Up) + (Our "Leaders" Rely On and Support the Inept To Fix What They Created) = A Stupidity Crisis.
Plug into the equation what everyone is calling a Financial Crisis: (Subprime Loans) + (MBS's Sold to Countries and Pension Funds) + (Economy is Brought to It's Knees in 2008) + (Hank Paulson, Geithner, Bernanke & Congress Reward Stupid With Trillions and Call It a "Bailout") = A Stupidity Crisis.
Notice please: This equation yields no fix, no solution and no resolution. What saved us from our stupidity crisis circa late 1990s (read: Tech Bubble) was they got lucky and appended one stupidity formula to the other.
We can look at each part of the Stupidity Crisis's equation.