Good chart—notice that bank failures happen late in the financial meltdown process.
If the 2008 timing holds true we are a year or more away before this stuff starts getting real.
This makes sense because banks can hide a lot of problems for a while with accounting games—it is only when they run out of cash that they have to confess their sins.
Mortgage lending is one of the rare cases where the U.S. financial system is actually rigged AGAINST the banking industry. This is what is driving this turmoil that we see today.