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1. Introduction The financial crisis began in the USA because of subprime mortgage crisis in 2007. As a result of it, a credit crunch was originated and it immediately spread from the actual state industry to other businesses, and furthermore, from USA to other countries. That caused a string of fiscal and financial crises like the meltdown of home markets in Europe, the international stock markets, international financial systems and markets, together with a lot of big banks and financial institutions, including as (Sun, et al., 2011) clarified. The fiscal catastrophe from 2007 has caused the best global market downturn since the Great Depression and also the European sovereign debt crisis. The impacts and price are enormous. As a result of this reality, explanations and duties for fiscal crisis are searched so that the use of corporate governance and financial technology is put about the spotlight. The fiscal crisis was reportedly an instance of financial technology and corporate governance gone wrong. In this paper I shall examine this statement and show that wrong financial technology training and corporate governance efficiently induced, or at least in part, the fiscal crisis. 2. The use of Financial Engineering from the Crisis The roots of this crisis have been discussed along with lots of different causes have been pointed out. In accordance with (Sun, et al., 2011), the roots of this emergency have been identified to maintain the taste for deregulating financial institutions and markets, which led to the prompt development of securitization. Financial engineering enabled a excellent burst of global derivatives placing the context in which major financial institutions thoughtlessly ignored hazard management and corporate governance. In th...