Banks are concerned about prime foreclosures.

From early on in this presidential campaign, I’ve been hoping for some substantive debate on the problems of the housing industry. What plans do Barack Obama and John McCain have to make sure that our country doesn’t suffer another mortgage and foreclosure crisis like the one it’s suffering through now? Unfortunately, the recent housing debate between the two candidates has been far from enlightening.

A new study by Washington, D.C.-based First Focus, a children’s advocacy group, puts some frightening numbers to the foreclosure and subprime mortgage-lending crises. According to the study, which you can read about here, an estimated 2 million U.S. children will be directly impacted as their families lose their homes to foreclosure.

Another high-profile major bank has fallen victim to the nation’s mortgage crisis.

The country’s mortgage mess is a result of a lot of people taking out stupid loans. Many of these people have fine credit. They just took out a loan that made little sense.