The five worst financial crises of our time

Jess Bown
Panicked stock market traders
Panicked stock market traders

The government's mismanagement of the Northern Rock buyout will cost taxpayers £2 billion, the influential Committee of Public Accounts said this week.

However, the credit crunch that began the collapse of Northern Rock is far from the only financial crisis to rock the world over the last century or so. Here are our top five.%VIRTUAL-SkimlinksPromo%