collateral crunch?

I thought we didn't do body counts...

...articulate in bullet-points the direct effects from this continuing financial crisis? I understand we are talking about a lack of liquidity, so a greater difficulty for businesses in borrowing money, so greater inability to expand through private sector jobs. But this is I guess simplistic. What more should we be worried about? (I am a worrier so I need more to stress me out). Are we talking significant losses on pension funds? A friend who just recently bailed out of the banking business notes that this recent stock market tumble has led more people to state bonds. According to him serving the debt is now easier (he points out most of the debt is held by Americans not by foreign countries). But with negative rates of savings is it possible for the domestic market to serve the debt? Are the super-rich so ready to bail the country out? I know this is a lot. Just questions for someone to play with.