Agree with Norcini's sentiments, not so much in his tone, but the facts back him up very nicely. This is a very difficult hole that much of the world has dug for itself, admittedly with the US being digger-in-chief.

And now the sideshow of the US government going after the big banks - after bailing them out. It's positively Ionesco-esque. Well, at least the government knows that most of those banks are not judgment proof, cash wise only, of course - otherwise, likely close to insolvent. Guess the gov will settle up for some shares of their stock - one of the few things that went right for the gov in the last 3 or 4 years was making some money on the bailouts.