POINT: No. Banks are in the business of providing credit. When economic conditions deteriorate, there will be loan defaults and some banks will not be able to survive.
COUNTER-POINT: Yes. If banks focus on providing loans to creditworthy borrowers, most loans will not default even during recessionary periods.
WHO IS CORRECT? Use the Internet to learn more about this issue. Offer your own opinion on this issue. Provide links for supporting references.