The 2008 financial crisis is about to celebrate its 3rd anniversary and we are nowhere clear from it. News reports are appearing that US regulators are suing banks for billions for the crisis. Wrote The Slate , The lawsuits came through. Late in the day Friday, the Federal Housing Finance Agency sued Bank of America, Citigroup, JPMorgan Chase, and Barclays. The federal regulator also listed Nomura Holdings, HSBC Holdings and Credit Suisse Group as defendants, reports Bloomberg . The suit relates to losses on more than $41 billion in subprime mortgage securities that were sold to Fannie Mae and Freddie Mac. Many of us may not understand how this crisis began and we are looking at signs that it could happen again, especially with rising property prices in Asia. Below are two set of videos I found that helps explain the crisis of credit. There are lessons to learn here. Property prices, especially in Singapore, where it is always expected to rise and never fall, is facin...