I think this statement dramatically underestimates the scope and the size and the banking industry, as well as how much debt banks keep on their books. 200 bill

I think this statement dramatically underestimates the scope and the size and the banking industry, as well as how much debt banks keep on their books. 200 billion will be a ton of pain in localized areas for banks, but they will not be writing off the whole loan, and will have assets - the same oil fields - come over. This happens every ten year or so. On the other hand, if this oil war really does do enough damage to hurt shale, it will also bankrupt Saudi Arabia and Russia. Given both of their recent actions on the world stage, even a 200 billion dollar write off might not be the worst thing in the world.