The financial crisis that shook the US financial system 14 years ago made people wonder how the monitoring systems failed to detect it in time. The crash revealed failings of the rating agencies, government departments and big banks. Mortgages are again dominating the news. The housing prices are skyrocketing and the interest rates are quite high. It is time to ask what caused the 2008 recession and if better detection systems are in place to monitor the markets. More importantly, can the latest fintech technologies like blockchain prevent such a crisis?