In a normal margin loan this would not be any different
But look at it this way which is more like the Opes situation.
You and a 1500 other people have a mortgage on your property with small bank, who has in turn borrowed money from a larger bank so that it can lend you the money to buy your house
A small hand full of fellow mortgage holders start to default on their loans. Your bank instead of taking action against these borrowers lets them carry on and get deeper into trouble.
This in turn creates a problem between the small bank you have borrowed from and the larger bank that lent the smaller bank the money.
The large bank then calls the receivers in to get their funds back from the smaller bank. The receiver to get these funds starts selling properties that the small bank holds mortgages over, regardless if the mortgage is one of the small handful in default or not.
So you lose your property even though you were not one of those in default.
