If you want to dwell on one financial worry for 2007, the corporate-debt market is the place to start.

ECONOMIST: Buttonwood: Spread too thinly | The

Some critics charge that by plucking mortgages on which payments are current, the scheme does nothing for the more troubled homeowners who are nearer foreclosure. (You have to start somewhere, replies Steven Gluckstern, head of MRP.) Others worry about investors charging higher interest rates, or simply withdrawing from the market.

ECONOMIST: Eminent domain and mortgages