Here's an important message from Treasury Secretary Hank Paulson.
Reporter: "Sir, is the worst over? Will 2008 have fewer 
foreclosures ... "
Paulson: "... in terms of sub-prime and the resets, the worst isn't over, the worst is just beginning. We ALL know that."
Link to the Video Replay
The Wall Street Journal also chimed in with its own bit of cheer.
"Throughout most of the 80s and 90s they ranged between six and seven times incomes.
Just to get down to seven times incomes, prices would have to fall 37% tomorrow."
