[Nuke'm Glowing]

I find the residential side more interesting in the U.S. as the homeowners have their stock positions unwind, you know and I know that the second and in some cases third morgtages these people took out to buy stocks will come home to roost. I mean, what will a Citigroup do with subdivisions full of homes if they elect to repo all of them????

[Looking for Diogenes]

Good point. Japan may not be the only country to see land prices fall.

[hinckley buzzard]

What will Citigroup do with subdivisions full of homes...?

They will auction them off for dimes on the dollar, which will kill the market everywhere they go...which is about everywhere...and take losses which will screw their shareholders in the meanwhile.

Thanks Robert Rubin wherever you are...clintonoid pig.

(Disclosure: I do not hold nor have I ever held, stock in C.)