I know its unlikely, but it might possibly good if everyone was reset to zero. Imagine what we could do...if people had to own property, maybe where ever you slept on one night would be owned from then on by all the people sleeping there. So housing would all be shared out. WOuld perhaps have to say it all applied yesterday, to stop people taking other people's homes.
If everyone is declared bankrupt, what would happen next? WOuld no-one be allowed bank accounts or would the laws change?
I'm writing this watching channel 4 news with the presenter saying this is "the biggest financial story of our lifetime." Could get bigger.
Hope none of you work for Lehmans and find this too flippant, I'm just daydreaming.