-+RecessionMM

= Recession = The recession started in late 2008 and is ongoing to this day. The recession was caused by very bad loans and people that could not afford their homes from Freddy Mac and Fannie Mae that pushed loans through the banks to people that could not afford them. When tremendous defaults on the loans began to happen banks were hit with major losses and destabilization in the economy. This caused the cascading effect of destruction, and all related industries to go out of business. Following this disaster, the effected industries began to spread throughout all the manufacturing throughout the us. Decade From Hell