The banks giving now even more money!
And You do not need to worry about paying back loans just wait for 7-10 years and debt will expire.
Excuse me what now?

debt will expire if you just wait? My God why didn't anyone else think of the genius idea before! Quick, write a book and redefine economic principles as we know them. I mean, maybe banks are loaning huge amounts of money in, let's say, Russia or some other countries where the local currency is worthless, but that is no way that is applicable across the globe. So no, this is just wrong.