1) Congress passes massive bailout bills and gives Paulson an unlimited spending account.

2) Federal Gov runs up against debt ceiling. Congress raises it to the psychologically important and hugely embarassing $10T level.

3) Fed suffering keeps growing from the increasing difficulty in selling T’s and other bonds. (The exodus of foreign money from the US has already begun).

4) Bond prices fall and interest rates continue to climb.

5) Cost of servicing national debt increases, debt spirals higher.

6) Housing prices continue to fall because of higher interest rates and ongoing credit problems.

7) Dollar continues to weaken, pushing up prices for oil, food and other commodities, keeping inflation up.

Inflation keeps weakening business climate, continuing to damage commercial RE sector. Suffering businesses continue layoffs and keep wages down… more downward pressure on home prices.

9) Credit completely disappears, Congress orders Treasury to start printing money. Hyper-inflation begins. USA debt downgraded to junk status. USA is no longer a first-world country.

Now that you know what lies down that road, I am confident you will adjust your lobbying accordingly, to support a plan that does not sacrifice everyone on the altar of your (extremely) short-term self-interest. Thank you.