[Cold Heat]

I should have been clearer. The underlying properties are what need to be priced lower.

With all the bruhahaha, one has to note that only 5% of the underlying mortgages have failed. Should the financial crisis spread to the streets, the number will skyrocket.

This is financial Armageddon. It is what it is and there are two choices. Let it happen or try to mitigate it as best as we can.

[NeoCaveman]

This is financial armageddon. There are two choices:
A) let it happen
B) or make it worse, put it off, and let some scoundrels off the hook