I cannot access the article. If the Federal Reserve thinks the banking system is imperiled, it will cut interest rates and loosen credit enough to reduce the amount of bad property debt to tolerable levels. This would be inflationary, though.
this is the only thing governments all over the world are going to do when everything falls apart
We've just started to rein in inflation. I don't think anyone (Fed, politicians, or the public) has the stomach for more QE.
see 2008, 2020
Given how aggressively we expanded the money supply just a few years ago, mass bank failures seem quite unlikely as asset price increases generated quite a bit of equity leaving plenty of buffer room for loan defaults.
Still plenty of liquidity out there. Commercial real estate is not a systemic threat.