I'll say it again:
I'd imagine more wealth has been lost in 401K's and Keogh's and IRA's and SEP accounts and medical savings accounts than in upside down home mortgages. There will be no economic turnaround or uptick in consumer confidence until the administration addresses this issue of lost wealth, lost savings and lost financial security. Because, at the end of every quarter, every one gets mailed a reminder from their plan administrators.
So far, nothing has been done to help out the people who played by the rules, put 5 or more percent of their income into their 4o1K's, and have lost half their retirement savings. There's another name for those people: the working class.