[coldtea]

What "scare story"? Financial collapse already happened in 2008.

People paid a trillion in the US alone, out of their pockets, to ameliorate it (plus close to another trillion they lented to Detroit). And tons of middle/working class jobs are not coming back in the foreseeable future.

And that's the US. For some European economies it is even worse -- they got from 30% unemployment to double the suicide rates in 3-4 years time.

[dualogy]

That sure was a big crisis but the word collapse for me implies total breakdown == after something collapsed, it no longer exists. The "financial system" still exists seemingly, even if arguably not in its best shape ever since.