Disasters sow seeds of success

Great disasters occur constantly. The Asian financial crisis blasted the miracle economies of Asia. The Great Recession of 2007-09 led to the bankruptcy/rescue of the five top investment banks on Wall Street, the biggest bank (Citibank), the biggest insurance company (AIG), the biggest auto manufacturer (General Motors) and the biggest mortgage underwriters (Fannie Mae and Freddie Mac). The BP disaster in the Caribbean is the greatest environmental disaster in history. Some people fear that global warming will be the biggest manmade disaster of all.