Idiots will always apply for credit they can't handle. This is usually solved by an advanced technique called "not lending them any money." They stopped doing that.

Sure, when said idiots can't pay off their stuff, the inevitable happens. And they found a way for all of us to pay that disaster off, since they'd stolen all the money and the idiots didn't have any.

Pretending that this is somehow the fault of the idiots is ridiculous. No one has to lend money to someone who can't pay it back.
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