I'm not sure. 2-3 weeks ago GMAC popped up on the radar at the start of foreclosuregate. About a week ago I saw my first story of lawsuits by MBS bondholders now these stories are becoming common. Let's see if I can lay this out properly. The states invested pension funds into the bubble and lost money in the bust. The bust also decreased state and local tax revenues by dropping real estate values. Therefore state and local officials have strong incentives to overturn crap foreclosure filings and then produce revenues from foreclosuregate. They will then have evidence to produce in federal court showing a lack of due diligence in securitization. So how much chewing on the money center banks from multiple directions before they meltdown? What will replace the Too Big To Fail banks?