Ocaya (2012) states that credit crisis is a financial market or economic collapse due to borrowing funds from the borrower and not being able to get them back , assessed by a serious shortage of money or credit. lead to an accumulation of bad debts, payment defaults and the collapse of financial institutions, among others. However, experts and economists are not sure what constitutes a credit crunch. Wall Street defines a credit crunch as "a period during which borrowed funds are difficult to obtain and, even if funds can be found, interest rates are very high." The credit crisis essentially began in 2007. The effects of the credit crisis caused the housing market to plummet in some countries, leading to foreclosures and unemployment. Additionally, the credit crisis had immediate effects on real estate markets, but spread to global trade and affected overall global economic growth forecasts, forcing many countries to lower their growth targets. Although some countries were not seriously affected by the credit crisis, this discussion or critical analysis focuses on a headline titled Incentives to Bank CEOs Were Main Causes of the Credit Crisis and which refers to the newspaper "The Bank CEO Incentives and the Credit Crisis,” by Fahlenbrach and Stulz (2011) and other journals as well. Fahlenbrach and Stulz (2011) stated that in investigating the rationale for the dramatic collapse in capital of much of the banking sector in the United States, one of the main arguments is that bank executives have weak incentives during the credit crisis. They decide to what extent the interests of the bank's CEO will be aligned with those of their shareholders before the crisis begins, if this can describe the performance of banks in the cross section during the credit crisis. .....economics al. 99, 11-26. Holt, J. (2009). “A summary of the main causes of the housing bubble and the resulting credit crisis: a non-technical document.” Journal of Business Investigation 2009. Vol. 8, no. 1, pp. 120-129. Johnson, L. and Neave, E. (2008). "The Subprime Mortgage Market: Familiar Lessons in a New Context". Management research news. Flight. 31, no. 1, pp. 12-26. Michael, T. and Rao, RP. and Williams, M. (2008). "Bank Mergers, Equity Risk Incentives, and Stock Options for CEOs". Management finance. Flight. 34, No. 5, pp. 316-327. Michael, T. and Waller, E. and Williams, M. (2008). “Managerial incentives and acquisitions: a study of the literature”. Management finance. Flight. 34, No. 5, pages 328 to 341. Ocaya, B. (2012). “The current global credit crisis: an examination of its causes, effects and responses.” Journal of Social Sciences. Flight. 1, no. 6, pp... 166-177.