Few-strings-attached loans at record levels

CNBC reports:

Bank lending to companies with few restrictions has surged back since the financial crisis virtually killed the practice.

The record issuance of so-called covenant-lite loans raises questions over whether a fresh wave of debt defaults and losses will return—probably not in the short term, according to experts, but becoming more likely as the trend plays itself out in coming years.

There's always the Federal Reserve there to bailout the banks.