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Fed to push for QE2 and economists guess the price tag to be an astonishingly large sum, 3 Trillion Dollars. These "Quantative Easing" purchases are to continue to prop up the financial center and the majority of the Fed Board will probably vote for it.

The FHFA also has been busy of late adding another 148 Billion for preferred stock purchase agreements of Freddie and Fannie. All this with my guess that home prices will continue to decline for another 5-10% over the next 2 quarters.

B of A has announced this week it is going to continue forward with foreclosures this week since they could find no wrong doing in their internal investigation. What a surprise?