think of this article as a companion piece to the preceding post from video rebel, as the accounting of those in charge is most questionable, at best;

We are facing a corporate debt bomb that is far, far greater than what we faced in 2008, and we are being warned that this “unexploded bomb” will “amplify everything” once the financial system starts melting down.  Thanks to exceedingly low interest rates, over the last decade U.S. corporations have been able to go on the greatest corporate debt binge in history.  It has been a tremendous “boom”, but it has also set the stage for a tremendous “bust”.  Large corporations all over the country are now really struggling to deal with their colossal debt burdens, and defaults on the riskiest class of corporate debt are on pace to hit their highest level since 2008.  Everyone can see that a major corporate debt disaster is looming, but nobody seems to know how to stop it.

At this point, companies listed on our stock exchanges have accumulated a total of almost 10 trillion dollars of debt.  That is equivalent to approximately 47 percent of U.S. GDP…

A decade of historically low interest rates has allowed companies to sell record amounts of bonds to investors, sending total U.S. corporate debt to nearly $10 trillion, or a record 47% of the overall economy.

In recent weeks, the Federal Reserve, the International Monetary Fund and major institutional investors such as BlackRock and American Funds all have sounded the alarm about the mounting corporate obligations.........http://theeconomiccollapseblog.com/archives/47-percent-of-gdp-this-is-definitely-the-scariest-corporate-debt-bubble-in-u-s-history