Media is now talking about the home mortgage debt debacle (see today's NYT article and editorial below). This is a post-analysis. Since 2003, I have been warning the US Congress about an impending home mortgage debt crisis under the veneer safe and sound banking system" that has unfolded now (see my email below). I had also pedicted that the US Congress adopt my safe banking proposal to solve the deep rooted problem in the banking sector until taxpayers lost one trillion August 6-18, the Federal Reserve Board has already injected newly created 120 billion dollars to the banking sector! We count the final losses.