Is the banking industry about to explode?

The international financial crisis initiated in the United States mortgage market and causes a liquidity deficit within the United States banking system, the full blow of which began to be felt during the mid of 2007. It resulted in the collapse of various financial institutions and in huge government involvement to stay away from a contagion effect within their economies. The United States credit market default that started the global recession all over the world has changed the financial setting significantly. Since that time, concerned officials have been attempting to come up with solutions to the difficulties that the banking industry as well as the global financial system is facing.