TPS, people throughout history have also suffered from the delusion that the social and economic structures built in a rather brief period of time will last forever. The Roman Empire fell. The British Empire broke up and Great Britain the country is still there. The Soviet Union's Evil Empire fell apart.Well, possibly some people have. But most seem to have been very well aware that no state or organization lasts forever.
I was a little young for this, but surely the S&L crisis of the late 1980s was on a much, much larger scope that this one is currently.
Freddie Mac and Fannie Mae involved a lot more money than all those S&Ls combined.