Re: Bailout question...

"The end result could cause a crisis at virtually every level of government from the local to the state level, with the result being that far more states would be lining up with their hands out to the already bankrupt federal government and their runaway money printing machine."

Yep... I was discussing this at the beginning of the housing market collapse with my friends and families...

The states, already seeing huge deficits, are going to be challenged by nearly ALL thinking property owners... if they refuse to reassess taxes "down" to the current market rates, there will be a tax revolt... just as predicted.

grz-