Quoted from Grayman_EM:2008 was different whole banking system almost collapsed. Do you think bank insurance could have covered that? Would have been lucky .10 on the dollar maybe?
People just don't know how close it came.
If you think about the rate at which higher paying jobs are disappearing from this country, I think I saw an article a month or so ago that said something like 80% of the jobs or more in the country are $20 or less an hour now, and factor that in to the next down turn, it only makes me think that the shocks will come harder and faster as time goes on. Each shock with less "recovery" than before. I'm going to guess that there aren't may people who make $20 or less buying pinball, that don't still live at mom and dads house. Before I'm dead, I fully expect the US to be a certified 3rd world country.