Economy=Top Threat? Could this lead to dramatic measures?

http://www.msnbc.msn.com/id/29169224/

Could putting the economy in the same class as a terrorist attack and national security set the stage for drastic steps?

Along with the many factors crushing the economy, I think the CDS and CDO market are the anchors holding down the market and the global economy. It is a major reason why companies like AIG, BS and LB have failed.
The sheer size of the derivative market is insurmountable. The CDS market is estimated at $60 Trillion. The global derivative market estimated at $750 Trillion.
The real reason for the taxpayer bailout of GM and AIG (of which GS had HUGE exposure to) is the underlying CDS market. GM alone had CDS against its debt estimated at $1 TRILLION.

CDO and CDS in plain english:
http://www.youtube.com/watch?v=DdEI6PkGZK8&NR=1
http://www.youtube.com/watch?v=eb_R1-PqRrw

Could this be a precursor to Obama/ Geihtner/ Bernanke to make a drastic measure like declaring all CDS and CDO contracts as null and void?
To the holders of the winning contracts who wouldn't be paid?
Tough luck this is a matter of national security.
To the holders of the losing bets?
Nationalization.

Should another bank be on the cusp of collapse (C or BAC) before the market opens, the FED can't give us a sudden cut in interest rates, we're already at ZERO.
But they CAN suspend mark to market or reinstate the uptick/short rule. These are the few bullets left.
Desperate times call for, you know the rest.

Voiding the CDO and CDS markets, suspending mark to market, bringing back the uptick/short rule, along with the severe current inflation of the money supply would rip the market in dollar terms like never before.
Also, pessimism rising like never before (Peter Schiff doing 4 appearances per day). Celente, Williams, Rogers, Roubini all over the tube. I've been a bear for years but isn't the time to buy when no one else is.

Just throwing it out there.

PS. Many thanks to the Daily Paulers. You have been my hub of information for the last 16 months. Much appreciated.