Then, FM/FM decided they needed to leverage their position of power to get in on the same gravy train, and now the whole thing has collapsed.

"John Carona: Slumlord Senator Gets Caught August 14, 2008 Dallas - State Senator John Carona's carefully sanitized media image was shattered yesterday when Houston TV station KHOU, Channel 11, identified him as CEO of the property management company responsible for "condos in danger of collapse" in spite of having collected management fees for years.

Credit Collapse?

Failure This Year Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression.Integrity Bank, with $1.1 billion in assets and $974 million in deposits, was shuttered by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corp.

In addition I have two associates who's full time job to travel the country looking for good buy out deals.As a result of the real estate collapse in the US, several Americans are not able to close on their units they purchased 1-3 years ago and are just trying to get out of their contract.

You may want to update your records WaMu Collapses

The nation's largest previous banking failure was Continental Illinois National Bank & Trust, which had $40 billion of assets when it collapsed in 1984.

Those that understand what is happening are stocking up on food, guns, ammo, and a place to keep them because they know that there could be a collapse of law and order, in addition to a collapse of the economy.

It buys us time but we still go into the collapse we were going to go in without it.

It's a disaster and only a complete collapse will allow us to get this country back on track.Mike