If this gets through it would seem I have finally got through the process.

I am still attempting to maintain a somewhat reserved stance on this issue–I do not want to be labelled a crank as a result of an intemperate remark, even if the remark is in fact accurate. What concerns me is that people who are normally part of the cheer squad for finance markets are in fact making the “Armageddon” remarks.

On which note, I’m working on a quick report from the House of Reps Economics Committee Roundtable on housing loans. Back shortly.

I thought you might find this interesting. Jim Cramer from the U.S. comments on the nature of the sub prime mortgage crisis. He does rant on but the comments are interesting. The link can be found here.

http://www.youtube.com/watch?v=SWksEJQEYVU

Cheerio.

It appears the contagion is spreading.