Agreed CAR. As taxpayers though we have not been given any choice. Nobody said to us, hey we would like your permission to bail out banks, a car company, AIG, and such. We were told this is how it will be. You and I know these decisions were made long before the crisis occurred. It is one thing to be an uber bear, like you I am one as well. It is another thing to keep saying this or that cannot happen because indeed they can happen. Foreclosures and employment or lack thereof will not bring the housing market to a crash. The govt has that game rigged. Thus what we have left are rates. That will happen and it will be a blow. I am not sure of the timeframe but I believe it was between Fall of 1979 and Spring of 1980 rates went up 4%. Can you imagine what a 4% rate hike would do in a span of 6 months? That my friend would be a crusher. I don’t see that happening in the near term. A few years from now? Well that will be interesting.