Shock waves for Skipton?

The fall out from the American sub-prime lending industry is now beginning to make itself felt here in the jolly old U.K. with such as Northern Rock smarting from the blows.
But could it effect our dear and cuddly Skipton building society?
Well so far over 40,000 jobs have been lost at lending institutions, including Capital One, Lehman Bros. and even the giant HSBC, with details HERE.
But what have these to do with Skipton building society?
Quite a lot.
SBS has quite a few subsidiaries, some quaintly named after colours, such as 'Amber' and Pink.'
Their whole aim in life is to minister to the sub-prime market, the sort of market where lenders have CCJ's against them, and they'd like to borrow say 5 times self-certified earnings.
Of course lenders such as the above two charge a little more for their loans to this type of market, indeed such high interest lenders as Amber and Pink are under investigation by the Financial Services Authority with Pink's rates especially commented upon as climbing to a dizzying 11.95% for one fixed rate loan.
The self same Pink in fact received an accolade from Blackwood Finance, their spokesman saying last year, as Pink started a 12 month campaign to woo more sub-prime borrowers into its fold:
"A large proportion of my client base has some degree of adverse credit on their profile. I welcome Pink's latest promotion."
Wonder how far progress has been made on the new glitzy office blocks on that protected greenfield site on Gargrave Road?
Maybe the pond will be left unscathed, for Paakwa and his ilk!