No fear huh? Do you just like depressions or are you assuming that the US financial system is so strong it can’t possibly collapse? Are you so sure we can’t have another depression?
A depression (actully reccesiion) at this state would be global and since so many economies are tied together and diversified a truncated reccession would be much better than a long drawn out one. Bailing out the investment banks now will do nothing but postpone the inevitable. No one is looking at the real issue of derivatives and credit default swaps which stands to be much greater debt than sub-prime mortgages.