Look at that chart. It was insustainable. The market was ready to wipe them out and liquidate. It didn't happen.
What exactly is the point of this thread? Surely it's to demonstrate what a horrifically bad idea it was not to take our medicine when it was time to be taken.
Ehyeh asher ehyeh.
"You and I are told we must choose between a left or right, but I suggest there is no such thing as a left or right. There is only an up or down. Up to man's age-old dream – the maximum of individual freedom consistent with order – or down to the ant heap of totalitarianism." -Ronald Reagan