Ticking time-bomb in HBOS figures

"The equivalent figures for impaired mainstream and specialist mortgages were 62% (57% 30 June 2008) and 77% (71% 30 June 2008) respectively." Read the company's own report from here. If property prices now fall to the generally accepted 25 to 33 per cent below peak levels, where will the above figures end? If the recession deepens to the extent now generally forecast - where are the reserves to prevent total collapse? In the UK Treasury?.... I think not, did you not see the three guilty men before the Commons Treasury Committee this afternoon - they would be unable to unblock a conventional WC - never mind the UK mortgage mess!