[Toby]

A market correction was inevitble. All the artificially inflated asset values on the books had to eventually catch up with reality. It was only a matter of time. The only question is just how severe is that correction going to be, and just who is going to be going down with the ship. Bank investors and share holders for sure, and most likely some people with mortgages on homes that are way over valued.

There will definitely be side effects across other sectors, but the only sound long term solution is getting the numbers on the books back in line with actual assets.