[taeric]

At large, this isn't a set of people to worry about sympathizing with. This is a set of loans that were never going to reach maturity. Chasing the money would have almost certainly been more expensive than writing it off.

Should we be giving out fewer loans? Almost certainly. But don't fool yourself into thinking that they were all collectible.

And definitely don't fool yourself by looking at a handful of anecdotes of people abusing the system. At large, I've seen too many of these accusations fall silly flat. Is a bit like the medicare queens nonsense that got people to believe that folks are milking medicare. Most of those stories are not credible. To an almost criminal level.