An accounting lesson
You will soon find out what a company whose debt exceeds is assets and has little prospects of making an economic profit is really worth. Some people will call this deleveraging.....others will call it bankruptcy.......now the question is how many thousands of companies will deleverage and declare bankruptcy.
You will be really upset is when you learn that the assets managements were representing were worth X were really worth much less and they huge bonuses and dumped their shares and you were left holding the bag in your retirement accounts.
Good luck to all and in the end they will attribute it to greed and America will be left in need.
As an American.......this sucks and little was done by our politicans to protect us as they got huge contributions from these pricks. Hopefully, when we emerge.....the outlook will be much better for our kids......right now I am pretty optimistic about that.