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It seems that Wall Street has become the focus of the world, for its financial crisis and then the bailout program. We witnessed the meltdown on Wall Street, and worries spread around the world about the financial situation. Also, some experts are probing the problem of Wall Street. What contribute to the meltdown on Wall Street?

Actually, the financial crisis is triggered by the subprime mortgage crisis, which was the breaking of the housing bubble blown up in the past decade. During the year of 2005 and 2006, the housing bubble became too big to hold the weight of the housing market. However, there were no timely actions from the government, and there were no precautious measures taken by the real estate agent. On the contrary, all the agents pushed the price even higher with all their efforts. So, we saw the serious results of the subprime mortgage crisis. When the U.S. economy suffered from a frost, there was a heavy snow. Consequently, the U.S. economy fell further, disappointing the U.S. citizens and going beyond the imagination of most of the economists.

Further, we saw the melt down of Wall Street. All the banks in trouble began to seek help from the government, like a baby to seek milk from his/her mother. So, the government said, "OK. Here is the milk you all want." Therefore, we witnessed 700 billion dollars going into a bailout program. WOW, so great a program it is! At this point, some economists started to do more researches on this problem, with the purpose to find out the causes of the meltdown on Wall Street. The result is that we find there is a relationship between the meltdown on Wall Street and the generous support to the campaign and lobbying activities from the banks there. Did campaign contributions and lobbying by the financial sector contribute to the meltdown on Wall Street?
In March, a political watchdog group conducted a research, and they found that eight of the 10 largest donors by that time to the US presidential campaigns are Wall Street banks, with Goldman Sachs taking the leading position. According to the Federal Election Commission data released electronically on October 27, 2008, Obama has collected $639 million, and McCain $360 million, without considering the money raised by the other candidates, respectively, Baldwin $239 million, Barr, $1 million, McKinney $188 million, Nader $4 million. It is considered as the most costly campaign in the U.S. history. Besides Goldman, the other top-giving banks from Wall Street are Citigroup,

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