Got it. Thanks Pale. I do remember when the resolution trust corporation bailed the banks out in the early 80's for bad real estate. I couldn't begin to think what that bill would be today, though it is confusing who holds all these mortgages with all the passing around of them. But it does seem that when the avalanche of defaults hits, the US taxpayer (or Chinese) will be responsible. I suppoese if it's going to happen, it might as well happen earleir thasn later . It may save lives as we will no longer afford to be in Iraq or at least the world won't loan us any more money.