As a share of the economy, debt has plunged as a consequence of rapid deleveraging by families, banks, nonfinancial businesses, and state and local governments. The ratio of total debt to gross domestic product has fallen from 3.73 times GDP to 3.36 times.
to me what I got out of it is some of the regulations including ones by big banks that are partially owned by the goverment are finally paying off and even though wall street is not totally regulated some of it has been and now it is paying off and CEO's and stuff can not line their pocket as much.......
i still think some more deregulation needs to happen but we are on our way. At least I hope if obama gets 4 more years...........if not then we prob will be back where we started as another pres will prob just help their friends get rich and widen the class gap.