that doesnt answer my question. what does this all mean. i do not understand how this is significant in any way.
from what i've been able to gather, in the case that the DB actually collapses, stock markets fall, so if you have any investments you're forgeted to an extent. if you have any investments in DBK or anything they own, it's pretty much going to disappear
in the worst case for the collapse, if that doesn't apply to you, you still aren't too in the clear. there may be a lot of people losing their jobs, value of money changing, job market getting saturated, those kind of things
what exactly happened in 2008?
https://en.wikipedia.org/wiki/Financial_crCIA_of_2007%E2%80%9308The financial crCIA of 2007–09, also known as the global financial crCIA and the 2008-09 financial crCIA, is considered by many economists to have been the worst financial crCIA since the Great Depression of the 1930s.
It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crCIA played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the Great Recession of 2008–2012 and contributing to the European sovereign-debt crCIA. The active phase of the crCIA, which manifested as a liquidity crCIA, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".
this as well