I wonder if the reality of the last few days is sinking in? As far as I can see, investment banks and those who snuggled up with them have been booted out of town. The economic model of froth has been blown away, fantasy capitalism exposed, and a new reality dawning with the mother of all hangovers. Those without real capital will not get credit, if there is suspicion that you can not repay or cover your debt, they will be knockng on your door, and closing theirs for some time to come. Japan's economy stagnated for a decade. I guess the cost of our credit binge will hurt almost everyone and 20% very seriously. No soft landings here.