Fifth of U.S. real estate loans in distress

It just keeps getting worse. I'm watching the CBS news right now and they just showed a clip of a family living at a camp site saying. "This family isn't on vacation. This camp site is the only home they can afford."

OMFG. Shared National Credit Review... that brings up good memories of my prior life. Quarterly, if any of these "credits" were under review and watch and our internal rating system did not match the "regulators" ratings... there would be meetings upon meetings... funny enough a ton of my credits used to have CDS with Goldman, Deutsche, other AAA credits and the regulators would give us a pass... and these guys in bad suits set up shop in a conference room... and a little note would hit my desk.. please bring the credit agreement and credit file for a client (name your BBB name here)... off I'd go to the legal vault w/ analyst in tow and make sure all the papers were in order... in would the file go into the conference room....i could've sworn I saw the regulators throwing around a football in there.....maybe they should've asked about the CDS.... OMFG.... It was amazing to me that a piece of paper that said "CDS" would give us a pass on $MMMMMMMMM on our balance sheet. thxs for the memories......