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So where did this financial crisis begin? It all started off with the housing boom near around six years ago, particularly with the sub-prime mortgage sector. Debt relief can be the answer to your financial and credit debt issues. There were incalculable amounts of individuals who were obtaining home loans that had no business getting them in the first place. Plus you throw in the issue that there were scandal ridden mortgage brokers trying to earn a buck off of these easy targets. The consequences of this situation is now there are record numbers of debtors are getting their houses foreclosed on. This spells disaster for the economy and has trickled down to affecting many other monetary markets. The credit industry has been tightening up and as a result charging these consumers much higher interest rates. Now we are experiencing gigantic problems in the banking industry too with the bankruptcy of WaMu. In turn this banking plague negatively affects the NASDAQ.