This is just one of our articles referencing the financial crisis, crash of the housing market, subprime, and more:

Rates of foreclosure starts were above the national average in only eight states: Nevada, Florida, California, Arizona, Michigan, Rhode Island, Indiana and Ohio. Yes, tiny Rhode Island made the top 8 list. Foreclosures can be spotted in small towns and bigger cities almost anywhere in the United States. As personal budgets are strained winter heating costs will tell a tale. In many cases it will be a tale of woe, unless jobs are restored, fuel prices decrease, and food prices return to normal.

In reality Fannie and Freddie will probably belong to the government by Monday. OPEC needs to set a floor and ceiling for oil, so we know the guidelines. Doing so would lead to stability. Auction rate security lawsuits abound, and some analysts predict stability after the presidential election. Personally I don’t think it will make an immediate difference. As long as the United States manufactures for export, while importing oil, the will be no real change.

Oil is tied to the dollar around the world, and the dollar is weak. Financially strapped individuals and families in the United Kingdom mirror those in the United States, while experiencing the same problems. Somehow the world managed to take the two strongest and most powerful nations in the Iraq coalition to the brink of financial peril. Was it an accident? The future will decide.