You are being pinged. Too much pinging going on here! But then, these are historic economic times.
I think the government is making a massive mistake if they are too aggressive trying to forgive mortgage debt by owners on the edge of foreclosure.
If they are too aggressive renegotiating loans for troubled home owners, more people who can afford their mortgages but are upside down on those loans will just stop paying, in hopes the government will come and lower their loan and interest rates.
Rather than reduce the losses by preventing foreclosure, this will increase the losses by reducing cash flow to the banks.
You get more of what you subsidize. If the banks subsidize bad behavior through mortgage defaults, they will get more of them.
Ping away! How to play a bond collapse? Did you ask?
The only ways I know of are:
RRPIX Rydex
RYJUX Rydex
DXKSX Direxion
The Rydex funds have decent yields circa 4% and I like their charts. The Direxion fund I consider a litle off-brand. Also has a much lower yield, circa 1.3%.