I've been scared shitless for some time of being where we are right now. Basically since about five minutes after I realized that I had taken on more debt than I'd probably ever climb out of.
I try to not pay attention to the chicken-little stuff, but now Warrren Buffet is talking that way. If we're really circling the drain, then I guess I do hope they nationalize the fuck out of the markets to cushion the fall. Then start getting people used to the idea of rationing and conservation, a la England when they wrapped up their empire and its related revenue streams post-WWII. Just start taking the pain in as humane a way as possible. The sooner everybody admits that this ponzi scheme couldn't last forever, the better off we'll all be.
At least I'm not still working for investment bankers.