blueox, You're probably right about the no "clear and present danger". Strange as it may sound, I've exitted all IMH related holdings (sold my common some time ago at $17 for a very nice gain--obviously would have been much better at $27) as much because I'm disgusted with Management's greediness and half-truths, as for my own economic reasons. My exit won't shake up any markets and I"m not interested in any lawsuits, but I just feel better not being invested with this management team right now. Might change. Who knows?