Time to Go Long, page-26

I don't know whether the banks will take a haircut, but I hope they don't, because it would be a disaster for SGH longs. Can anyone seriously imagine that the banks would kiss goodbye to half their money without making someone else pay a massive price? That 'someone else' would be SGH of course, and its shareholders would bear the brunt of it.

Fortunately it's only an SMH report, and the credibility of the SMH is lower than ... well ... the SGH share price.