From The Big Picture:

Here it is, one year later, and we continue to hear an enormous amount of misinformation about the Credit Crisis: What were the actual causes, what could have been done, what should have been done.

Let's consider the most widely held myths as the cause of the crisis (skipping the discredited theories).

Here is a quick overview of the key points many folks seem to be getting wrong:

The Crisis was a confluence of rare events, a “Perfect Storm”: To the contrary, the crisis was inevitable.

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More on the financial crisis:

Taxpayers lose BIG on automaker bailout

Must-see chart: The credit bubble is being blown again

Gov't "completely and officially ignored" expert warnings of subprime crisis