I don't know how many of you guys have been keeping up with the financial news, but some of the biggest financial companies in the US are dropping like flies! What the heck is going on?!?!? They keep talking about waiting out the "housing correction" but in the mean time, bankruptcies, government intervention, massive layoffs are going on! Just think about it, Lehman Bros just filed for bankruptcy a couple of days ago, that's over 26,000 employees! Merryl Lynch is up for grabs, AIG just got Fed help because they were almost bankrupt as well. Need not say much about the mortgage backed securities big 2 and all the small banks and mortgage companies that are just closing up shop.