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I know someone that bought a place a few years ago at the peak of the housing bubble with zero down, fully mortgaged. He makes about 200k a year salary. That place is now seriously under water, maybe 250k. Last time I spoke with him, he bought a new home also fully mortgaged, and is living there...

If one was to make a small play on the bailout, who would you say benefits the most? Thursday Cramer said BAC, GS, and WB would benefit most. But WB is also predicted to fail. What about AIG and FRE?

Does anyone invest in inverse ETFs / ETF shorts like SDS or RSW? Basically they are leveraged to go up when the market goes down. Is it like investing in any ETF without the risk of getting burned badly making an individual short sale? Perhaps a good investment vehicle if one...