Unless your answers are clearly better, copy the answers of your betters.

I would say that an RFC-like thing might make sense. I probably would do it myself. But I don't think trying to combine that with what's going through now, I think what is needed now is liquidity.

But 300 million Americans, their lending institutions, their government, their media, all believed that house prices were going to go up consistently. And that got billed into a $20 trillion residential home market. Lending was done based on it, and everybody did a lot of foolish things.

When investing, pessimism is your friend, euphoria the enemy.

Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem.

Stocks are the only thing that people are happy to buy when the price goes up.

In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to 'model' rather than to 'market.'