Originally posted by Salimar
One cannot blame these companies but the lack regulation. If it was not allowed to give away money to insolvent customers, then this wouldn't have happened.

This here is EXACTLY the wrong way of thinking about accountability. Companies should have taken the initiative and NOT given out these loans. Government should NOT have to regulate, nor bail out companies because they have done something so stupid. I wish more people would stop thinking that the government has to regulate everything and instead start personally holding those companies who do shitty accountable by not giving them money. Not using their services. Not allowing them to continue to make foolish deals.

The problem with this is that the Jones Family down the street has a new BMW and an addition added to their garage...gotta go get that loan.