[familyop]

"Iceland saved its economy by forgiving all mortgages...!"

Residential real estate prices have far to fall, probably for the next 20 years or so. Property taxes will eventually also be forced way down, after enough government employees and pensioners fall to where they no longer have time or money for political activities.

That is the way to recovery (much smaller government by reasonable leaders without today's pathologies), and it's not going to be easy or uncomplicated.

[ex-Texan]

Obama's head man just got handed his head . . . LOL !

House Panel Votes To Hold Holder in Contempt