What if we all defaulted..

http://www.aei.org/article/101690

"Political writers," David Hume once wrote, "have established it as a maxim, that, in contriving any system of government, and fixing the several checks and controls of the consti­tution, every man ought to be supposed a knave, and to have no other end, in all his actions, than private interest."

The U.S. housing market is currently putting that supposition to a historic test. If American mortgage borrowers act in their own narrow interests, as "knaves," they might yet cause an economic collapse worse than anything we have suffered.

you go first....

does this include everyone who's not underwater?

Just like old times :)

hey---i missed you. was a little concerned recently.

I missed you too! I was getting tired of you posting under Hugh_G. Good strategy of creating someone even worse to make your normal posting name look benign.

No worries.... I'm starting that business. Love to have you look at business plan, when I am done.

sounds good. i have been feverishly working on something as well.

Something involving Tom Leykis?

:).