As someone who has been watching this from a somewhat uncomfortable position on the inside of the current banking trauma (Lehman Brothers was my main client on and off for well over a decade until June) I think that that is sound advice.
No one knows what the lending landscape is likely to be for the next year or so, so though a small commercial or retail loan is unlikely to be called in if the lender has a bad time, getting a loan at all could be hard or expensive so we should all hold/hoard a little more easy-to-get-at savings in cash and in a number of institutions for a while.
On the other hand, if you have money on hand above that that you can invest in a small system of your own, now is not a bad time IMHO, and you might be helping keep the wolf from the door of someone in the renewables industry. B^>
I'm putting money to one side towards a major extension of my PV system as soon as I've restored my savings.
Rgds
Damon
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