http://www.counterpunch.org/2011/10/14/crisis-for-billionaires/This is the reason for the crisis. Even the bad guys have lost confidence in the system. The collapse of the USSR postponed the crisis that was long overdue. So much wealth was taken out of the dismembered chunk of the USSR! The successor-countries were robbed, and their robbed goods used to subsidise a better life for the West. The bankers and financiers got used to living well while controlling the streams of cash and assets. But they forgot an important rule of beekeepers: leave some honey in the hive, otherwise the bees will not bring more product. They ripped off too much, from too many people, and now the people have lost whatever confidence they had in the system.