Here's the slide from David Lereah's October 2005 NAR presentation, mocking the housing "Chicken Littles" who ended up being right

I wish David Lereah could be jailed.

I wish David Lereah could be sued.

I wish he could be taken out back and tarred and feathered.

But alas, he can't. He, the NAR and the 1.2 million realtors lied, America got screwed, commissions got pocketed, and they all get off scott free. David Lereah, Lawrence Yun, Nicholas Retsinas, Kendra Todd, Mike Norman, Greg Swann, Blanche Evans, the list goes on and on...

Sure, they'll have to live the rest of their lives knowing they screwed their fellow man for a commission. Sure, Lereah and Yun are unhireable as forecasters or economists, and sure, realtors will NEVER be trusted again. But there's still something missing - some punishment, some retribution, some penalty.

I guess we'll just have to go with the public flogging by blog, and be done with it.