Yes, I can grasp that. Corrections are painful. But completely crippling to the point it seems we are about to see?
It is possible that the effects of the problem are being exaggerated by those who seek to profit from it. I think there is a fair amount of that in the bailout bill debate.
But, yeah...a lot of (illusory) wealth disappeared very rapidly, and the echoes are causing all sorts of chaos. IMHO.