If you have any doubts or confusion about the unwinding of the U.S. Housing Bubble, watch this video:
Housing Bubble Panel
"I believe the country faces a critical crossroad and that the decisions that are made or not made within the next 10 years or so will have a profound effect on the future of our country, our children and our grandchildren. The problem gets bigger every day, and the tidal wave gets closer every day." - David Walker, comptroller general Aug. 2005