I am afraid that "geniuses" in Wall St. have been thinking that they are above the failings of Japanese. They said it can never happen here. But it is. Here, it is the old-boy/girl-financial-clubs. In Japan, entire bureaucracy helps it along. That could be the main difference. Japan's economy will collapse. Even many Japanese sense that. They basically gave up. They will have truly volatile years ahead before the dust settles. And it won't be the same Japan.