> we should probably not be letting individuals borrow a billion dollars if they're earning a median wage and have no net assets Creditors are intelligent and

> we should probably not be letting individuals borrow a billion dollars if they're earning a median wage and have no net assets Creditors are intelligent and they have free will. They generally try not to lend to people who can't service the debt. It seems like a pretty good system to let creditors decide who to lend to and then allow them to go bankrupt when they make bad decisions.