yes thats a serious worry that the guarantee is getting tapped so quickly. it was always just going to be an easy way out for lesser-rated finance institutions. Seems their loan portfolio wasnt too well diversified and when the major customer defaults its all over goodnight nurse. except its not coz they are indeed A Lucky Mascot

2558 people with 70mill all up. u tell me - are they idiots? or are they actually pretty clever? i believe that they still get all their interest payments. so they are losing time but not really money and they'd possibly already given time.
and its safe as houses ah no , a lot safer than houses