According to the LA Times' LA Land Blog - which totally rocks - Bush is threatening to veto the so-called mortgage rescue bill. Thank God.

Doctor Housing Bubble is one of my favorite real estate blogs, and this article is simply amazing stuff. David Lereah, former head of the National Association of Realtors and author of the book "Why the Real Estate Boom Will Not Bust" is now saying that we have not yet hit bottom. Talk about a 180 degree reversal. Hell hath frozen over indeed.