[SteveOMS]

While I'm ok with people who want to ignore JC, but I'd be careful picking up sub-prime lenders here. Their business model is TOTALLY broken for the most part. They don't have any money to make the loans themselves, and depending on reselling them and there are no buyers for this junk right now. They can't sell the loans they have now (even discounted) and can't make any new loans right now, so where's the upside?? I'm referring to the pure play lenders (not the BAC and C and WM out there). (And yes my money is where my mouth is here). I don't think the overall real estate market will 'collapse' as some predictions, but alot of the pure play lender-resellers will.

Steve