POINT: No. Banks are in the business of providing credit. When economic conditions deteriorate, there will be
Question:
POINT: No. Banks are in the business of providing credit. When economic conditions deteriorate, there will be loan defaults and some banks will not be able to survive.
COUNTER-POINT: Yes. If banks focus on providing loans to creditworthy borrowers, most loans will not default even during recessionary periods.
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I feel that on one is right Banks have to lend as per definitions and bank have to take the huge risk of default which is also as per definition but prudent bankers are those who cover their risk of l...View the full answer
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Related Book For 
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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