Washington Post - "How Low Will It Go? Well, Where Do You Live?" (7-7-07)

"'How much lower is this residential market going to go? I have already lost over $200,000 in value compared to what I paid for my house in Gainesville last year! Even after taking the down payment into consideration, I owe more than what the house is worth! Help!!!' Let's pause and let that number sink in. Two hundred thousand dollars. Gone. Lea Morris, an agent with Long & Foster's Gainesville office, says a decline of that magnitude is indeed possible."

Bits Of News - "Bear's Market Blues" (7-7-07)

"Often, a big financial house will create its own hedge funds, specifically for the purpose of digesting risky tranches of mortgage debt. The hedge fund raises some capital…and then typically borrows additional money in order to leverage its returns... Anyone who would lend money to something called the High-Grade Structured Credit Strategies Enhanced Leverage Fund deserves the indigestion he gets."