> The problem is all these over-leveraged sectors will drag everybody else

Well, the good news is that's what good public policy is for, to blunt the impact of the damage with strong anti-trust enforcement and careful cash injections to weak-but-critical areas of the economy to help stabilize in rough times.

Now, hang on for just one moment while I crawl out from under this rock and take a look at who we have entrusted to set our public policy.