The banks have been able to hide most of their debt troubles so far, but if Deutsche Bank is right, it’s hard to imagine many of these big banks surviving.

Is the federal government prepared to throw another $2-3 Trillion at the ongoing problem in the housing market?  Can we afford to do so?  Will the Chinese continue to buy our debt?   Can the Federal Reserve continue to quietly buy back our own debt so as to keep the bond market alive?