Despite the tech-sector implosion, PayPal went public in February 2002 with a market capitalization of $1.2 billion.
Regional governments must immediately prepare for the cascading effects of the financial sector's implosion, which would devastate tax revenues and increase demands on government to help those who are hit by the economic crisis.
Indeed, the oil sector's rapid implosion in spending is the principle cause of the oil-inspired downturn that's caused the much-discussed economic contraction we've seen so far this year.
But look at it this way: While investors lost $2 trillion in the implosion of the sector, his employer, Citigroup, made $1 billion in fees from the feverish dealmaking he helped arrange.
The attention that the LinkedIn IPO has received has inflamed talk of a tech bubble reminiscent to that of the late 1990's and the dot com boom when prices for tech stocks were over inflated leading to an implosion of the sector.
The Greek debt crisis is, of course, a banking crisis: unsafe practices from the financial sector threatened to cause an implosion of the entire industry, and so across Europe the state stepped in as the final guarantor of capitalist relations.
The implosion of the housing sector, and the stock market tumble in 2008 and early 2009 took a huge toll on the net worth of American families.
Labour is, after all, the party that nurtured the deregulatory systems which contributed to the implosion of the financial sector, on which the entire economy was too reliant.
