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I just thought I should add this being that the trouble in the housing market is one of the underlying problems in the economy:

http://3.bp.blogspot.com/_CQyU4ayBifw/Sl4b5EsOroI/AAAAAAAACUY/l08xOEo-dIg/s1600-h/CreditSuisseResetMarch09.jpg

As you can see from this graph, we're not really past the worst of this yet and as more and more of the Option ARMs and Unsecuritized ARMs reset there will be more foreclosures and more banks facing bankrutpcy.