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It looks as if this last year was a year where realistically every last thing has gone wrong financially. Consequently putting our typically good US economy into the slums and pointing us towards what might end up being the next depression. This is not so good for the majority of us United States citizens and is quite endearing that it has come to this point of no return.

This entire downfall began in the subprime mortgage market. There were scummy brokers issuing out home loans to basically anyone, you didn't even have to prove you had the income to actually keep up the payments on the loan all you had to do was have an average FICO score and you were able to get a home. And in most cases a home that you had no right living in.

What was then done with these loans is they were put together into these security investment packages and sent to offshore investors who were looking to earn a substantial amount of money. Well for them things turned out terribly and they are all failing and losing their assets. The greed of these already unfathomly rich folks had gotten the best of them. Consequently they shall suffer the bad problems that are to come.

If all that wasn't enough now we have basically all the giant investment banks on Wall Street either closing their doors or being bailed out by our desperate government. This has resulted a major effect on our now current financial problem, forcing millions out of work and costing the tax payers of America billions in an effort to lesson how horrible this crisis has reached.

This domino effect has then slammed and cursed the stock market and we have seen a slow market ever since. Great numbers of consumers are now scared to invest time and money in fear of losing everything. You might almost say this is some kind of a domino effect on our financial stability and is causing severe suffering and heartache to the standard American family. Let us hope there is something that can be done to save us.

When I started to think it couldn't become any worse the retail markets are being greatly negatively effected as well. With such a large number of consumers losing their careers and income not a soul is hitting up the stores and spending money on consumer goods which is the strength of a stable economy. Many small businesses are suffering the effect from dire situations and will be closing their doors in new year as a result.

Almost like throwing out the cat with the bag this explosion to our economy has now snaired the automobile market. And we are going to see Detroit in need of a mind boggling bailout in order to keep this American auto market in good condition and resourceful. If the car market crashes there goes hundreds of thousands of more jobs that will be gone forcing yet one more major dent into an already weak economy this will negatively effect millions.

As a consequence to all this madness we are now experiencing a credit crunch, which consequently will keep the recession from getting any better, no small businesses will obtain loans to help them get through such times no one is obtaining home loans unless you have an immaculate credit score. All the creditors are scared that their state of affairs will get all the worse and in reality are just not issuing out credit.

And finally by far the worst issue for the standard American citizen is high interest bearing credit card debt. We are now at an all time high with consumer credit card debt. So many Americans cannot even afford to make their monthly minimum payments and have been slipping into default in schools. This will constrict the credit crunch and kill people's financial situations completely once and for all.

One of the greatest solutions for the common family man who is swallowed in debt is credit card debt negotiation. This process will help the debtor to save close to 50% of what they now owe their creditor and assist them in getting out of credit card debt within a few short years. This is just what the majority of America is in desperate need of right now in such rough times.