Who said anything about 'morality'? The evidence of disaster of letting people with excess wealth make loans they don't suffer consequences for is everywhere. To be a reductionist and say 'risk management is just x, what's the problem?' is lazy.

Oh, and I was talking about the government, not banks. They caused the student loan crisis. It doesn't matter though, since my point is about any entity with excess wealth. I don't care about banks in particular.