After the collapse of Bear Stearns and the desperate bailout by JP Morgan and the Federal Reserve Board, it seems like the media is finally waking up to the mass collapse of the American housing market. See this video on people burning their homes or this one on tent cities springing up in Los Angeles to house the newly dispossesed. If, in the 1960s, architecture was damaged by the alliance of modernism with a failing business culture, what will it mean to the discipline when architecture is at the very core of a failed economy? What will does it mean that architecture's overindulgence in lifestyle culture has proven, quite literally, bankrupt?