Failure? It's just getting started. Main street is staying home ATM because everyone thinks that they can manage to somehow "get theirs" while "someone else" will take the hit.
I'm sorry to tell y'all that it isn't going to work out like that.
Everyone is gonna be fucked. Seniors, federal retirees, state workers, regular workers, police officers laying the beat downs - everyone but the fraudsters and the politicians who look the other way.
As far as dummies Bill Black isnt a dummy. He put 1000 fraudsters in jail during S&L crisis and claims he can put 10,000 in jail today. He was there.
http://www.youtube.com/watch?v=N_AuvLTJNh0&feature=player_embedded#!