Yeah of course most IB senior management get there from non trading routes mainly buttlicking. they wouldn't know inflation from menstration. I mean who in their right mind would buy a CDO based in sub prime loans to 'ninjas' ? HAHAHAHAHAHA , funny beyond belief.
Look up something called "The Great Depression". The stock market collapse of 1929 was nothing. It was the later collapse of an Austrian bank that precipitated the carnage that followed. It's from such a lesson that people now know there are things such as banks that are too big to fail. For less dire examples, alternatively look at Japan since the 1990s. Or maybe you can study what happened to Southeast Asian countries during the Asian financial crisis of 1997. Maybe the Argentinian debt default might give one an idea of what to expect too. Some of the things to note: 10 years of no economic growth in the first. 80% stock market crash and 50%+ currency devaluation seen in the second. 20% unemployment rate in the third. It's a really lovely picture. Ever wonder why foreigners are distrustful of Americans and their cheerleading rah rah rah for free markets? Really people here seem to be completely oblivious to the dangerous implications.