Total Bankers with total control, page-31

3b

The fix for the banks is to split them into the Investment (Property etc) and the trading banks (derivative, shares etc).
That way the trading banks can go bust without affecting peoples money in accounts. It is the only way to stop banks from taking money in accounts when their trading arms go belly up like they did at the start of the GFC.

Australian Banks/Mortgages
The Big Four banks in Australia have about 80% of all there business in Australian mortgages. It is just common sense to think they will be in trouble when the housing market has a correction. Given that China's building industry is now in a correction phase and their CB has loosened monetary policy I would think the Chinese building industry has a problem.
With IO and Coal prices from China tanking and hitting our miners hard you would think they would back off production but they aren't they are ramping up production, as per BHP.
Things are not so good in China and so I would expect Australia to share in that being China is our biggest trading partner.

Just my opinion of course and none of the above should be viewed as reliable information for investing.