Well if that is the size of market and country wide 33% defaults you already talking a figure around 460 billion, but more because one part of the market collapses it creates a black hole sucking up the entire economy. Again, the banks that are reporting losses are the the biggest well known bank, it signals a very serious unstability in economy.Aleady 40 billion of finance is comming from China and Arabs, who is going to give the rest?
Again if someone cant pay bills, then others don't get paid, therefor they also may not be able to pay there bills, meaning a domino affect that is much more wide reaching.
