It has been said that if you owe a bank $1,000 dollars and can't handle the loan you have a problem, but if you owe a bank $100 million and can't handle the loan the bank has a problem. I think it's safe to add that if banks collectively have $billions in loan-related problems they can't handle, then the nation has a problem. And that is the situation. Already over a dozen major banks (and brokerage firms acting as banks) have reported more than $60 billion in losses related to mortgages that probably should not have been made in the...