paul clithero's money talk got me worried

been reading about how laws will be passed to allow banks to use depositors money if they face collapse.. similar to what happened in cyprus...

what alarmed me today was paul clitheroe on the radio discussing banks and loans...

A pensioner rang in and said how its hard to get a loan even for home owners

he spoke about new laws regarding lending etc...
What he advised was open an offset account with your mortgage
so that effectivley when you retire you may have a 200k loan still but have 200 k in savings which you can use if you want..

then i go to thinking about the bail out scenario in Cyprus and soon to be law in Australia...
What if you had a $200 k loan and $200 k as a deposit in an offset acc..
if the bank fails , they take your cash... but then are you liable for the loan still?

As more and more people will be convinced not to pay off the loan this may become the way the ruling elite crush us and leave us broke....

or is this toooo far fetched to even contemplate actually happening???