I don't understand the point you're making.

All kind of assets can lose value overnight, be it stocks or real estate.

Lending on no reserve secretly doubles the money supply, sometimes even more if repackaged multiple times. It creates a highly risky financial environment that taxpayers inevitably are forced to bailout (usually through layoffs and hyperinflation). Time and time again.

It's crazy how far you just tried to change the subject. At first you were claiming loans aren't assets, which is uncontroversially wrong. Now you're claiming lending creates money, which is a completely different statement, and uncontroversially true