(Above) The collapse of the property bubble will force a sharply downward revaluation of CBA’s lending
assets, of as much as $150 billion, or even more (dotted line). Take that away from its balance
sheet, and it is bankrupt.
(Above) Protect the deposits from the derivatives: The trillions in derivatives puts bank deposits at risk, but without Glass-Steagall
the government is forced to support both.