Economy crisis key problems (02) How did the financial crisis become an economy crisis?

Welcome Back. All this week we're looking at various aspects of the financial crisis. It's a crisis that has long since turned into an economic downturn. The problems began with the bursting of the property bubble in the US, that turned into a banking crisis, with bankers hesitant to give money to each other, and all but ceasing lending operations. And if the banks don't work, nor does the economy.