I have not the time to fully reply, but I am involved with a lender here in A\ustralaia.
We are lending just like we did in previous months-- zero impact
Liquidity between banks has been gauranteed by Central Banks. They threw $ 380 billion at it, and any hedge fund trying to stirr up sh*t, will be crushed.
Sub prime will cost the lenders a bit, but it will not drag the entire world into recession.
