This is only the first round. The second round will be over-leveraged investments being uncovered, as any leverage they had in stocks evaporates. Given that t

This is only the first round. The second round will be over-leveraged investments being uncovered, as any leverage they had in stocks evaporates. Given that the over-leveraged loan situation was out of control during the 2008 GFC, and nothing structural was done to change behavior, it's extremely likely we're going to see some secondary changes.