A few readers suggested a topic on what we should be expecting from the various governments/institutions in regard to the housing bubble. "I wouldn’t want this to turn into a 'political' discussion. Without getting into party stances, what I’m wondering what type of leadership are we looking for as this downturn plays itself out?"

"IE: Full disclosure? A call to conservation? Without bashing those in office, what would you like to see our leaders do?"

One replied, "Our leaders = misnomer."

And another said, "I would like to see the dollar return to being on some type of standard, such as gold or silver, instead of it leaving it’s exact value up to people’s imaginations. With some of the prices that people are paying for homes, especially when you tack on what they’ll pay in interest, people here don’t seem to think their money is really valuable at all."

One reader looked at the tax angle, "Now that Fall elections are looming, I wish we could have a thread that skewers all the politicians who have failed either to bank all of the windfall property taxes the bubble generated, or to reduce the millage (rate) to compensate."

"The electorate is going to be really pissed when, in the middle of all their other coming financial woes, local governments raise property tax rates to support the bloated bureaucracies they bought with the falsely-based revenues of the housing bubble."

"I’m sure that somewhere, some local governments acted responsibly, but I don’t know where they are. For the rest, throw the bums out."