This statement is not accurate. No one is penalized by society because they don't carry a load of debt. Credit cards are a good example of non collateralized lending. Any knucklehead with a social security number can just about get a credit card. The US banking system is in many ways the envy of the world. Banking is highly regulated but believe me if they don't make loans they go out of business. The ability to establish and maintain creditworthiness is vital to most all individuals and businesses here. No banks=no business=no jobs=no food........Wall Street finances the biggest and best achievements in human history. I see the glass more than half full on this one.When a person with actual tangible wealth is penalized by society because they don't carry a load of debt from month to month you know something has gone real haywire.