its no different to some people have no debt and savings, whilst others have no savings and debt... those people with debt who go bankrupt or companies that go into administration, affect not just themselves but others. lets be truthful...banks ONLY TAKE CARE OF THEMSELVES !! They will be dropping rates not to "help" anyone but themselves...and why? because they are shi****g themselves if proprty prices fall...look at it like a Massive margin loan..except the bank has the loan...and its getting close to a MARGIN CALL...
if they cant recoup the funds from the properties, oh another thing..if the mortgage lender insurance companies goes bust..what then...???
