More government bailouts will be necessary as the mortgage industry in the US faces a potential collapse. 2008 on steroids to go along with the repo market bailout, corporate debt market bailout, the stock market (Blackstone) bailout, the 10 million US unemployment claims in two weeks. Meanwhile stock markets remain blind to the financial tempests that swirl all around them. This is buying the rumour on the big scale. Wait till the facts come home to roost.Esh
