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The idea is to set an example. You basically write off this debtor, in the interest of encouraging your other million debtors to think before defaulting on thei
by Asooka 9y ago
The idea is to set an example. You basically write off this debtor, in the interest of encouraging your other million debtors to think before defaulting on their loans.
- qwerty456127 9y agoThanks. This way it makes at least some sense. But isn't it a way too brutal and still a way irrational from the society point of view? Effectively ridding a skilled person of a life, setting them broke and probably homeless as the result at the same time while funding other peoples welfare and undertaking all kinds of efforts to solve homelessness and joblessness problems on the other hand?
- bbarn 9y agoThe article states that those with inability to pay were able to get their licenses back by entering into a payment arrangement. This is targeted at negligent non-payers, not people unable to pay.