This is not the end of the world. But the world is going to get a lot poorer tout suite.
The big boys are scrambling. The big boys are panicking.
Keep buttoned up. Keep prepping and don't do anything silly.
My sister and I have been laughing hysterically about a statement some government idiot made during the Lehman talks. "We have reestablished moral hazard" says the idiot.
Sad part is they then sold it for 85 Billion.