Sounds like this latest "crisis" from our lib press has got you all upset. Time for a little perspective.
It's true that foreclosures and credit delinquencies are up. The reason is not that we're bad off. The reason is that we've been so well off that the only change possible was for us to be like we were a couple years ago.
Bank loans in general are as good as they were a couple years ago. Real estate loans are not quite as good because of rising interest rates, but those "gargantuan" loan failures are no worse than they were during the Clinton economic paradise that the lib press was so crazy about.
I'm telling you; the press is lying and we're OK.