an– Even your example lacks enough detail. When were these loans secured? That’s a big variable and there are plenty more. These are the kind of things Powayseller leaves out of her grand pronouncements. Maybe she has them all along, but doesn’t share them until later. That’s what I think drives people crazy. I mean, sure, keep adding qualifiers and eventually most things can be “predicted” with a very high degree of accuracy.
Keep in mind too that she said 90%. Few things in life are that predictable. Hell, probably at least 10% can suck money out of their parents when they get in trouble (but wait, am I supposed to leave this population out as well?)
Also, I’m know you’re not defending her position. I’m just using your example to illustrate the problem.