From Nathan's Economic Edge:
"JPM holds more than $80 TRILLION worth of derivatives.
Those who think that the financial crisis is over are simply living with their noses buried in the sand. The large banks and the government are complicit in trying to hide the rotting smell. Their fraud and deception are going to be the end of both..."
My impression is that we either do a few tough years now and reduce debt, or we condemn our kids to a few tough decades and another world war
............sorry kids, you lose.