We will know when the people in Washington get off the edge of the cliff they have pushed us toward when they put an end to 401k's and Conventional IRA's, end Mark to Market rules, and recriminalize federal gambling in the markets.
The problem with 401k's and Conventional IRA's is their demand to take distribution starting at age 70 and a half which will cause a massive depression in 2016 as baby boomers have to sell stocks and other assets. Lets do it now while the markets are down. Then we pay less taxes too.
The Mark to Market rules say that in accounting assets, the owner has to value an asset at the most recent selling price. So a home that had a fire and sell for $25,000 could bring down the value of all the homes in the neighborhood and all those assets owned by banks, saving and loans, credit unions, pensions, bond funds, IRA's-your and my money or assets-go down. We must see our assets have value based on long term management.
After 9-11, Bush allowed for new rules (that were set up after the depression started) that made it a crime to gamble on assets. People are now allowed to gambling on stocks, bonds, mortgages, the price of fuel-just about everything without a corresponding other side of the bet or reality to the thing being bet on. Yet some mortgage backed securities did have a piece of mortgage but those values dropped as Mark to Market rules kicked in sinking Leiman Brothers.