There weren't huge companies with AAA credit ratings making horses. Railroads did have bond financing, but the decline has been extremely slow. VCR companies al

There weren't huge companies with AAA credit ratings making horses. Railroads did have bond financing, but the decline has been extremely slow. VCR companies also made DVD players and other consumer electronics, so no bankruptcies have resulted. Radio is still pretty big. Newspapers might be the closest parallel, but they haven't completely crashed yet and might well bounce back.