What i spoke about actually happened, on a large scale.

I know what the law says, and it is written by the banks for the banks.
The entirety of the law is written based on money. So, a banker doesn't care what you do, you have to pay them money. A fair contract would be that a farmer offers wheat for a loan to buy a tractor.

The banksters should be tied to outcome of the crops and market. Putting all of the burden on the farmer makes for a very unbalanced contract.
And since the money for the loan is created out of thin air from fractional reserve lending, the bank actually puts nothing into the deal/contract, making it null and void.

How about this scenario?

You get a loan from a loan shark, but before it is due, they break your knees. Now you can't pay the loan. Who is at fault?