This is a research on the world credit crunch in 2008-2010. The rescission is not a new experience to the world. But the causes and phenomenon is different in different time. The study has tried to explain the reasons of differences justifying the Hyman P. Minsky Hypothesis on this issue. The study tried to find out the actors and the prime cause behind the rescission. Though lot of orthodox criticized the policymaker, Minsky argued the rescission as a obvious consequences in a capital society in a cyclical life.