Problem is ... who's going to pay is ... well... everyone....

Problem is ... who's going to pay is ... well... everyone.

Before people start doing cartwheels about the banks 'getting-their-just-desserts' they might like to consider any loans they may have - which are always with banks no matter who the front-end lender is.

Banks NEVER lose.

Just wait for bank charges, and more likely interest rates, to rise as banks recoup their losses.

My suggestion is, be ready-cash available and/or make plans to pay off outstanding loans and mortgages - I see a bad moon rising for borrowers - I see trouble on they way ...

And I wouldn't be relying on the SGH SP to be much help in the short term.