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n that in 1992. In a short time, the financial magnates such as Bear Stearns, Freddie Mac, Fannie Mae, Lehman Brothers, Merrill Lynch, Goldman and AIG have slipped into the bankruptcy. Among US five investment banks in global capital market, only Goldman and Morgan stanley are still suffering from the pain of financial crisis. People can't help questioning that what results in the financial crisis ? In the thesis, the elements analysis of financial crisis such as the information incompleteness of financial market, the economy influence from loan scale, the degradation of economy foundation, the currency chain scission from crisis psychology expectation will be analyzed at first. By analyzing the reasons of US sub-prime mortgage crisis in 2008, the conclusion will be drawn that in the beginning of the crisis, the real estate market has begun to collapse. And then the financial and stock market also have crashed. With the background of economy globalization, the outbreak of global financial crisis will destroy comprehensively the economy throughout the world. Furthermore, the global economy will suffer from the recession. To guard and eliminate the negative influence, we should make the research on the development rule of financial crisis carefully.
 

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