Markets:

The widely watched Jim Cramer on CNBC has told everyone to "walk away" from their homes and not pay a single dime if they are "trapped" in an adjustable rate mortgage that makes their home worth less than what they "paid" for it. The problem for the economy is that while banks demanded a 20% down stroke in order to make the loan, the low income home buyer borrowed the down payment from another lender, frequently one that was actually owned by the prime lender or partnered with it. (Yes, the homeowner entered into the purchase with a second mortgage.) This could be a major problem in the economy and with hundreds of thousands of home owners involved, get ready.