But then banks would have less incentive to give out loans. You wouldn't have to pay back loans, just wait until you can purchase your debt for a fraction of th

But then banks would have less incentive to give out loans. You wouldn't have to pay back loans, just wait until you can purchase your debt for a fraction of the cost. Banks could then counter this by holding on to all debt, but this means giving out loans would be an even greater risk to them. This isn't necessarily a bad thing, though.