Brad, I hope that you looked at the slide show in the article that I posted about Chinese millionares. Also India now has about 86,000 millionares and growing at a substantial rate. But the rate of millionare growth in India is less than in South Korea.
Yes indeed, some of those subprime lenders will go belly-up. Some will save themselves or be saved.
Brad, in a few short years the United States is going to experience a worker shortage. As the baby boomers retire there simply is not enough workers to replace them.