Insurance Company Collapse 2008. During the run, companies moved a record $172 billion out of their money market accounts into even safer treasury bonds. It caused the biggest recession since the great depression of 1930.
/2008-financial-crisis-3305679-final-JS-03a006d464d7465aaf331145a1252beb.png)
Aig, a global company with about $1 trillion in assets prior to the crisis, lost $99.2 billion in 2008. The crash made several families go homeless. Bank of america ceo ken lewis.