It's so much worse than the media lets on. They're talking hundreds of billions. Behind closed doors they are talking about leveraged debt in cross-linked collateral schemes amounting to hundreds of trillions of dollars.
Amerikwans still believe it's all a minor psychological setback, remedied by printing off more fiat currency, of course.
It's not a "bubble popping." It's the vacuum created by a thermobaric fuel bomb before the ignition. Watch and see what happens next.