P2PECS, a perfect example of somebody who doesn't what to know how it works.
I do understand it, and that's why I don't believe what you say. We are in a forum that was born in good measure against the banking system. Just as this that I just said is true, what you say mixes truth and falsehood and some statements are outright lies.
Actually, it's happening right now. Lots of people default on so-called loans. It doesn't hurt the bank at all.
You have no fucking clue.
https://www.bankrate.com/banking/list-of-failed-banks/Bank failures since 2009
Year Total number of bank failures: 511
2022 0
2021 0
2020 4
2019 4
2018 0
2017 8
2016 5
2015 8
2014 18
2013 24
2012 51
2011 92
2010 157
2009 140