No one, for now, can say for sure that the so-called family office's billions in investment losses won't spread. : Financial crises are never quite the same. During the late 1980s, nearly a third of the nation’s savings and loan associations failed, ending with a taxpayer bailout — in 2021 terms — of about $265 billion. In 1997-1998, financial crises in Asia and Russia led to the near meltdown of the largest hedge fund in the U.S. — Long-Term Capital Management (LTCM).