I disagree. Those place the problem at the corporate level, when it's clearly extended through to being a monetary issue. The first thing I would like to see is the various Fed and banking liquidity and credit facilities go away. They don't facilitate stability, but a fiscal shell game that has allowed numerous zombie companies to live far past their solvency. This in turn encourages widespread fiscal recklessness.

We're headed for a crunch anyway. My observation is that a controlled demolition has been attempted several times over the past few years, but in every instance, someone has stepped up to cry about the disaster that would occur if incumbents weren't shored up. Of course, that just makes the next occurrence all the more dire.