Issuing loans is risky, and the price of borrowing should reflect actual risk. The US economy is moving to a more and more highly leveraged scenario where all f

Issuing loans is risky, and the price of borrowing should reflect actual risk. The US economy is moving to a more and more highly leveraged scenario where all firms avoid worrying about systemic risk because it's profitable to do so since they know they will be bailed out when the inevitable occurs.