http://money.cnn.com/magazines/fortune/fortune_archive/1989/10/23/72594/index.htm
for the Barney Frank story.
When markets are allowed to work without interference (especially the equity markets, but also the debt markets), corrections happen quickly and investment resumes, leading to continued innovation for the years to follow.
Gosh! I remember that we seemed to recover from the Crash of ‘87 so quickly that the most reverberating connected event seemed to be the controversial political cartoon blaming the National Rifle Association for the ex-con day-trader who shot his broker, his wife and himself.