The Canadian banks keep pumping money into the subprime mortgage companies is a sure sign that the problem is much much bigger and worse than they let us to believe.
Watch the news. When and if  the government starts pumping money into it, then it is over.
The economy will never recover if return on investment is guaranteed and Pension Plans are raided to cover losses of private investors. Nurses and public workers are losing their retirement to allow a hospital CEO $720K pay plus beside two board memberships. Oh, corrupt me Lord!