Real Estate Collapse and the World

The ongoing hitting of the collapse of the real estate bubble continues to have effects in the real world. Sheir Bair of the FDIC may say that she is helping 20,000 homeowners in trouble with Arms -- Adjustable Rate Mortgages-- associated with the taken over Indy Mac bank, but what about everyone else? What about the 2 million or so households who also need to be bailed out, or have the mortgages written off. You can put the mortgages in a freeze, like LaRouche's Homeowner and Bank Protection Act, and readjust them when the bubble finally goes all the way down.