
"Understated"
I've always said that the main reason why so many people nowadays think "nothing happened" is because large companies at the time - particularly financial institutions - were very keen to downplay problems when they occurred.
As an example: I clearly remember a national newspaper article in 1999 which highlighted a problem with newly-issued Barclaycards. The problem was exactly what you'd expect: the new cards weren't working because their expiry date was two digits - say, "03" - and the system read that as "1903". A classic Y2K problem, of course, except that when approached by the paper for comment, Barclaycard double-down: it was NOT a "Y2K" problem, they insisted, but an "End of Century" issue...
Nothing to see here: please go away...