Just to add - WWW - this seize up has been caused by fraudulent home loans in the US, which people have defaulted on rather than paying. Little different from your "planned" bankruptcy idea - which pooled across many people actually does have a huge impact.
Their reluctance to lend to any group (pilots) that has some immoral members who are planning to default on their loans (ref your previous comments in that long thread on the matter) is hardly surprising...