So get long-term financing, what's so difficult about that? They don't wanna pay a few hundred basis points to secure funding? Then they'd better be able to face the consequences. No one is forced to borrow. No one is forced to take rollover funding risk. No one is forced to make the entire survival of their business susceptible to a few rumours. Remember the old saying: Lending long and borrowing short Is the quickest way to the bankruptcy court If you finance illiquid, volatile securities with short-term funding, then you took the risk, you get fucked if you can't roll over. No different to a piker who goes long some BS stock on margin, the only difference is that BSC and LEH are far more leveraged than 2:1.
What are you smoking? Thinking like that will get you a girlfriend named Bubbah and exciting times in the shower.