With his characteristic depth of insight, Jim Babka at Downsize DC points our that credits markets are far from frozen and that this is just another example of big government creating a crisis so they can pick your pocket. Read it here.
You can use the Downsize DC site to quickly and easily email your Senators and Congress Member and tell them to get their sticky fingers OUT of your pocket.
Let the people that made the bad loans pay for the bad loans with their equity.