The real story.
The Fed flooded the market with cheap and easy money, just in case...
They found it so easy to do - they never stopped.
I used to sell 4th of July fireworks for a medical charity in the Philippines, we can go to the ER but they have to die from critical ailments, on Y2K minus 3 days, I sold fireworks in the rain, then at 9:30 PM on Friday, December 31, 1999, I let my wife have the car to take the kids home, I rode a bus to downtown Sacramento, backed up everything on our local server onto Zip disks, magnetic super-floppies.