Is the World financial crisis is a debit crisis or credit crisis?

The Subprime Mortgage Crisis is an ongoing economic problem that has become more apparent in 2008 and has resulted in reduced liquidity in the global credit market and also the banking &...

150 years ago the world currency was GOLD and SILVER. With the help of paper currency the economic activities rises and the development of the world comes to this stage. GREED was the major factor,...

excess debt and credit

Malpractice and greed on the part of some unscrupulous individuals and a lack of effective regulation to detect this malpractice.

Yes. Both refers to the same.