Previously when we have large problems like this, companies are not allowed to loan out so much debt it would bankrupt many non-startups. If it's different thi

Previously when we have large problems like this, companies are not allowed to loan out so much debt it would bankrupt many non-startups. If it's different this time, it's because companies are allowed to loan at far more than they should be able to. The last time companies (and people) were allowed to loan out so much it caused major problems was 1929. The Spanish Flu crashed the stock market pretty badly with a quick recovery in the 1910s similar to today, but loaning was not crazy then so it didn't hurt the economy in the long term.