Stocks are up, cash-for-clunkers will stay in business — things are looking up, you say.

Except that consumer spending is up (good, they say), while personal income is down. And Obama's Making Home Affordable program? Sluggish at best. Some loan-servicers haven't modified a single damn loan.

But why should they offer refinancing to help homeowners stave off foreclosure, even if the government pays the companies to do so? Aside from illegal scams, the banks usually make more on fees when a house goes into foreclosure.

Enough about your homes. We're still waiting the collapse of the commercial real-estate market.