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.
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