two billion reduction in profit on the cards, page-4

I have learnt through financial sources which I shouldnt name that the total loss will be around 1.8 billion.
I rounded it off to 2 billion most banks, I think it could get much worst actually. We are taking about worst case scenario but lately market losses seem to extend past worst case scenario.

CBA has allowed for a factor of 6 in the defalts, that means 6 times current defalts would give them a residential loss of approx 400 million plus the commercial looses of about 1.5billion on top.
They have also planned for the dooms day scenario a factor of 12 which is a meltdown like the us.

A factor of 6 allows for a drop in housing prices by 40% and a factor of 12 god knows.
I belive that the commonwealth bank is big enough and has large enough historical business to support large losses. The commonweath would recover in a maximum time of 24 months.