Things with the economy seem to be getting worse.  First all the mortgage companies got in trouble, then the stock market slumps even after the government promises to give them a bunch of free money.  The entire country of Iceland is going bankrupt as we speak.  Europe also is bailing out their companies.  However, despite all this, the credit crises of 2007-08 still aren’t among Neatorama’s top financial meltdowns of all time.

Granted, I’m sure nobody knew just how bad things were in the beginning of 1907’s infamous panic either, but we’ve still got a lot of horrible things to happen before we get as bad as things have been historically.  Interestingly, it wasn’t the government that saved America’s bacon then, it was J.P. Morgan, John D. Rockefeller, and the rest of America’s richest men!  Bill Gates, Warren Buffett… this is your time to shine!

Tags: financial meltdowns, financial crisis, wall street, stock market crash, great depression, oil crisis, 1929 stock market crash, financial troubles

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