The good news is I also don't believe there will be any type of Madmax scenario's or mass tent cities because there are millions of empty houses. Soup lines will be replaced by food debit cards as the Fed pays directly to Grocers etc. There won't be mass home evictions because 8-10 banks hold the majority of the debt and 2/3's will also fail, the downside of deregulating bank mergers.
Agent 488 posted a great article on the prediction, but Russia, Germany, and China have build solid financial foundations due to the brutal alternative from failed wars and political ideologies. Matter of fact, they bounced back stronger because they were able to drop minority and political special interests, PC bullshit, and attention whoring politicians.
I've been to post Soviet Russia many times and they had a total collapse, political ideology was replaced and then another financial collapse in the late 90's. This wasn't a scenario, people rushed to the banks to get their money only to find out it was gone. The Russians bounced back in 5-6 years because Russians are perfectionists at enduring and suffering. The Russians collectively understood the problem and still went to work in "hopes" of getting a paycheck months later and eventually got their economy back on track and prospered.
The bad news. As proud as Americans think we are, there's no way Americans will work 9-5 for months in hope of getting paid because we're an instant gratification society. We can't do like the Russians because we've grown fat with delusional entitlements, cast and social disdain, segregated by religion, ethnicity, and political beliefs.
Serious bad news. If banking collapses the States and local Gov's will abandon social services, 3.5 million Americans are incarcerated, most will be released and many looking for a little payback and criminal opportunity. Plus the fact we are the most heavily armed society in the world will insure forms of violence and vigilantism.
You see Americans don't have grounded cultural historical roots as deep as the Russians, Chinese, or Germans to were we can ALL rally to the greater core good. Our fundamental core can pull together if there's an outside threat, but our biggest problem "obviously" is from within. In short, liberalism is a luxury for wealthy societies, but serves no purpose when you're broke.