Firstly, I disagree - there's plenty of information available that says "bad credit is bad, mkay" - you would have to live in a cave to be ignorant of that basic fact - but some people still do not get it - that can only be down to intelligence.Flaming_Maniac wrote:
First of all, because the personal trait in question is not intelligence but ignorance, and the latter is certainly not determined by your genetic disposition.Scorpion0x17 wrote:
How so?Flaming_Maniac wrote:
That is a terrible analogy and you know it.
Secondly, because this is a slow, gradual problem. If you were notified of the volcano a month beforehand, everyone but a cripple could get away in time under their own power, and even a cripple could find and pay someone to carry them in that time. If they're still sticking around after a month...let them burn.
Secondly, the credit crunch also didn't happen over night - the signs have been there and people have been warning everyone of the consequences of bad debt for a long time - long enough for everyone involved to have done something about it.