But the banks for the last 15 years have been lending out more money than they have had on deposits from your hard work anyway?!
Look at northen rock, they were giving out loans 125% value of an over inflated property - a am sure a school child can see that is a bad idea.
Like the beak said, if you can get an unsecured loan, and you have no assets that can be seized (will the bank want my r reg mondeo with 135k on the clock..?) it is the banks problem to worry about.
Any flying lawyers out there to help me on my budding idea?