Credit crunch 2.0

Credit crunch 1.0 was identical to "subprime woe". One of the outcomes of Credit Crunch 1.0 was the death of Bear Sterns. After that, market rebounded and optimism loomed. However, this is not the end. Now credit crunch 2.0 is shown frequently on medias. As this sweep got to result in something, should we project there is any demise of something and mark the end of 2.0?