"And when interest rates are forced to increase thats when the mud hits the fan"
What is going to "force" US interest rates to increase? The Fed Fund's Rate will only increase when the Fed wants it to. Bond rates may go up with market selling, but with the Fed Fund's rate at 0.25%, they can only go up so much because institutional investors can't help themselves when it comes to a carry trade.
The Fed bailed out the banks (and made them pay for it). I can't see them rushing in to save 8,000 casino jobs in a national labour force of 146 million.
