gulfnews : Seven explanations for one crisis

There are many aspects of our daily lives that the credit crisis post 2008 has the dubious distinction of being responsible for — from the massive uncertainty that it has fostered in the lives of individuals and nations to the almost permanent change in geopolitical equilibrium.
But, to the question of whether there was a single reason for the credit crisis, the answers are vague. Was there, instead, a sprawling and interlinked set of causes for it? Which governmental agency or corporate body was responsible?
Answers to such basic questions of what led to the crisis are still contentious. Predictably, authors of books on such matters have proliferated as well. In an interesting exercise, Professor Andrew Lo from MIT has reviewed 21 books — 10 academic, 10 popular and one governmental report — on the subject and provided a summary of their claims.

* username: rupertbu