I am not concerned at all where or not our banks go 'pop'. My meagre assets are in circulation generally outside the 'greedy banks' clutches.
With the exodus of money flowing (and soon to flood) from China into Australia and especially property I don't believe that our banks are on the verge of anything in the near future but obscene profits.
With further rate cuts on the cards banks will increase margins. That is tantamount to theft and the swindling of millions of $ from unsuspecting mortgage holders.
One day some smart lawyers will create a viable case against the banks margin heist and then we can watch the big four squirm in their plush boardrooms.
