If I did it I would be in jail, but if a Bankster does it (and remembers to skim off some for the DNC), they get to have a private jet and multiple homes without worring about their back taxes.
“The banks don’t care, they are only on the hook for 10% of what they loan out (fractional reserve banking).”
If a bank loan is defaulted on, the bank has to write off the TOTAL amount plus expenses. They lose the total amount. Nobody comes in and pays the bank the 90% you refer to.