I am just sick and tired of this market that keeps going down, this is big scam just as $140 crude oil was. Market is very near being most oversold ever . According to Dick Bove, the default rate on subprime is only 3% and 1% or so for the rest. What's going on is a wholesale liquidation of the financial system that is benefiting to a few winners picked by the government, all the while the taxpayer is paying through the nose . The bleeding has to stop and radical measures have to be taken. We need to suspend M2M accounting indefinitely, it's nonsense to value fixed income instruments which haven't defaulted yet at pennies on the dollar. Why haven't we taken some very simple steps that would cost a lot less: Suspend mark to market Guarantee all home owners mortgages by Govt Defaulting (going into foreclosure) is outlawed , homeowners get new (longer) payment terms under government rulings. Subsidized jobs and govt jobs are offered to jobless homeowners so they can keep making payments. Other defaulting homeowners are sent to jail. No more foreclosures, no more bailouts, people pay until they are finished. And done with mark to market accounting.