You mean like every time they create a loan out of thin air and rob every USD holder world wide in the process?
Loans aren't created out of thin air. They are created out of deposits. Depositors are expected to know exactly what they're putting they're putting their money into. Whether that's a reasonable expectation is another matter entirely.
Technically 90% of the loans ARE created out of thin air. So for every dollar in deposit, they can loan out $9 more. You are woefully uninformed about he banking system.
"As we're going to see, money in our modern banking system has the ability to multiply through bank lending. Each time a loan is made, money is created. Out of where, you may ask? Out of thin air. Most people would attribute this feat only to the Federal Reserve, but in actuality, every bank does it with every loan they make."
http://www.financialsense.com/contributors/matthew-kerkhoff/fractional-reserve-banking-how-to-create-destroy-moneyAlso, why is this not the responsibility of the lender to assure that someone they loan to is not a risk to lend to? They are extracting a profit, any time this happens there is a corresponding risk or obligation. This is an immutable law of commerce.
You have a strange idea about responsibility. A lender has no responsibility or obligation to the debtor other than to actually provide the loan itself. The lender will of course be annoyed if the loan is never repaid, which is why
they don't make loans to those who are bad credit risks, but that's not the lender's responsibility. Repaying the loan is the sole responsibility and obligation of the debtor.
The banking system is RIFE with stories about banks giving loans to people with no credit, bad credit, hobos, even criminals during the housing market boom. There are even reports of bank employees FALSIFYING LOAN PAPERWORK without the knowledge of customers! The consequence is disconnected from the choice of who to lend to, because if a loan goes bad the TAX PAYERS, HOME OWNERS, and USD holders pay the price, not the loaning bank. If I pick up an random hobo off the street and pay him to remodel my house instead of a qualified bonded contractor, is it the hobos fault or my fault for making that investment when it goes wrong? It is the primary responsibility of the investing party to due due diligence upon the borrowing party.
It boils down to this...
If I file for a loan that I shouldn't be approved for, and my bank falsifies my paperwork and gets me the loan anyway, how is that even an enforceable contract let alone something one should be imprisoned for? Being poor should never mean a loss of your human rights. The bankers are playing a rigged game, now they want to get their pound of flesh after they have entrapped the nation with fraud.