I imagine that he/she is looking at it from the perspective of the high-income person. In that case, defaulting is no more evil than losing money in the stock m

I imagine that he/she is looking at it from the perspective of the high-income person. In that case, defaulting is no more evil than losing money in the stock market or having one's business perform badly this quarter. Sure, the financial impact may be painful, but all parties involved should have been aware of the risks of making the loan.