Shasta , yes would be a real shame if it folded , but reminds me of the 'once proud' NZI that got caught up in the reckless lending spree of 1986/7 and nearly bought it to its knees , no institution escaped the 1987 meltdown intact , and this time round its far worse imo , so at very least SCF will have to write off hundreds of mills of bad debt and can really only be saved by the Govt , if they chose to do so. Hard to fathom why Hubbard took his hand off the rudder here. I can see the only finance companies enduring being those bank owned entities like Marac et al , which can only harm the property sector and the economy in the next year or 3.

M