Global financial crisis
All David Bowie’s fault. He started this off by monetising his future royalties. Before you knew it, it was tranched CDO3 everywhere you looked, Morgan Stanley was on fire, the world was BURNING man and people were wandering round dazed and shell shocked and living in iron mountain cardboard boxes.
See also
- Rapture; Omega, Apocalypse etc.
- 2008 ISDA Master Agreement - the other potential culprit