Legions of burned investors sue. Tax receipts fall and budget deficits grow. The government must return tax money for losses on stock transactions. Unemployment benefits and social costs demand greater government spending. GNP shrinks and corporate profits erode.
Massive layoffs cause civil disturbances and unrest.
Leftists become media darlings. Government mortgage and loan guarantees require billions as failures and bankruptcies reach epidemic proportions. Runaway U.S. budget deficits require massive funding. Special interest rate deals appear. Municipalities go broke.