But the very reason it was able to pass in the Senate is what's going to cause trouble in the House, because there are any number of Republicans there who don't like the fact that it's in a budget bill.

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The bill is called the FHA Housing Stabilization and Home Owner Retention Act, and what it does is to take people who are in trouble, and then it will buy those mortgages from the lenders at below market value, at what they call - I think it's called the short payment.

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What we learn from this situation is that we are in very big trouble.

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Remember the basic idea was that, there are bunch of mortgage-backed securities, all these things out there in the system that depend at some level on mortgages, and those things are all in trouble, so that's what we call toxic assets.

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It means that our supervision and our mechanisms for looking at trouble spots in our financial system are superior to what they were back in 2008.

WHITEHOUSE: President Obama holds a Press Conference at the G20 Summit

Dr. ANTHONY PENNINGTON-CROSS (Real Estate Economics, Marquette University): What's going to happen if we have a bunch of borrowers who are in trouble in the subprime market and they start getting FHA-insured loans?

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Now what if the Bank of Greece knows Bank A is in trouble because its deposits are being withdrawn?

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