Good loans????

The banks keep saying that they are lending and the politicians keep saying they want banks to lend and they both say they should only take good loans now. Excuse me. Can someone tell me what the "good loans" would be right now?.....I don't think any loan regardless of buyer credit and down payment could be considered a good loan when the asset is in major depreciation mode......The banks might have plenty of loans to stellar credit borrowers that never miss payments..... but guess what????? The house is now worth less the mortgage if they didn't put 30% down in the past 3 years. Credit worthiness on underwater mortgages doesn't mean a lot. Underwater = toxic when it is seen on the books. Banks are not insurers and don't use actuaries to assess risk. They give loans based on collateral value, everything else matters little when the real estate falls significantly below the loan value. It doesn't matter if the borrower has an 800 plus credit score. When values drop as much as they have recently all loans become high risk. This is not about borrowers it is about asset value. The banks got the forecast way wrong and now the taxpayer is going to pay for it.