Reminds me of the stories about aliens in Roswell, NM. The government can't tell the people of the USA the “truth” or we'll all panic and run around like crazy people.
The economic collapse is looking more and more like the alien story!!!
On the whole, I see this as a necessary process of creative destruction in which inefficient and corrupt organizations need to make way for others to flourish. I'd like to see some softening of the landing to limit collateral damage, but I truly think if America leads with courage and if we trust free markets, we'll come out OK on the other side. It's time we got back to the business of innovation, production, and honest work. We have always done this well in America. When I look at the potential for robotics, medical advances, nanotechnology, energy generation and transmission, transportation and energy-efficient construction, I see a bright future. We need to get this easy money, hyperfinance culture behind us.