Subprime meltdown

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How serious is the 'subprime meltdown' and where do you see home prices in metro areas of the U.S. over the next five to ten years? Is Bear Sterns, CIBC, BNP Paribas and/or Credit Suisse in trouble? The article written by Matthew Goldstein, David Henry and Mara Der Hovanesian in the July Businessweek raises some interesting questions. Did anyone happen to read the article? Here is on quote: "It's white-knuckle time on Wall Street as firms try to prevent the subprime mess from spreading. The hedge fund blowup has suddenly thrown the world's biggest financial institutions into a game of brinkmanship that will end in one of three ways: a quick, brutal crash of the subprime mortgage market and possibly the broader corporate bond market; a slow, painful meltdown of one or both lasting many months; or a short-term blip that, over time, will be forgotten as conditions return to normal."