It's worth taking a look at the balance sheet of a bank. Most of them will have credit card receivables. A lot of them. No collateral. They'll also have all kinds of unsecured loans.
Banks were never taking much in the way of risk. It's not what they are there for. They are and always have been there to take depositors money and make low risk loans. It is what it is.
Banks were never taking much in the way of risk. It's not what they are there for. They are and always have been there to take depositors money and make low risk loans. It is what it is.