It has been a lot of talking about who’s president’s fault has been for the

crisis that Started in the United States and how it spread around the world.

Is it really a specific group of people’s fault? Our leaders’ responsibility to

prevent all this? Or is it all of our fault for living in the illusions leaders

created for us in order to keep being elected? I am not here to point fingers

but, rather, analyzing what has happened by researching legislations that

passed and did not pass, and who lobbied and why they lobbied on specific

legislations that could have made a difference in the economic situation but

were never given the chance. The research are mainly on the years right

before the 2007- 2008 recession and specifically from 2004 to 2006. I

conclude with analyzing the types of leadership styles that I feel have

influenced the current situation and what is the follower’s responsibility in

letting it happen, why, and how they could change the situation.