I've decided to get a masters in accounting and a CPA because of it. I'm obviously not the greatest fan of the work an accountant does (then again, who is?)
We're going to sink into a LONG depression because the gov insists on propping up house prices, they keep delaying the inevitable. All investment banks and banks that are insolvent need to go BK. That includes JPMorgan.
Many countries will go BK.