By way of an update - as of today it does appear that the implications are for a major market adjustment that will begin in subprime and go up the financial food chain from there.  Potential losses could be as high as 40% of retail value by the time this market bottoms out - which could be another two years away. We are watching this with interest to see how events unfold, but no question this will be the biggest buyers market in history before all is said and done.