For point of reference, $1.3 TRILLION of market wealth was wiped out today in the U.S. alone. Over $3 TRILLION globally.
How do you replace that kind of money in the economy?
There isn't really anyone left to borrow from. Just printing up the money creates other huge problems.
If we don't recapitalize the markets soon, the entire economy grinds to a screeching halt. I've never been an alarmist before, but this is the most serious financial crisis I have ever seen in my lifetime.