Financial crisis of '08 among the worst ever

An interesting look at the current economic crisis from a historic perspective. Financial crisis of '08 among the worst ever From SignonSan Diego: "Scott Reynolds Nelson, a history professor at Virginia's College of William and Mary, suggests that 2008 may be much more like 1873 than 1929.In 1873, the crisis started in Europe, where cheap mortgage terms spurred a residential real estate bubble.