I completely disagree. They failed to ask the ‘victims’ this simple question: “So what exactly did you spend the money on that you BORROWED?”
I have little pity for those who borrower more than they can handle and I definitely don’t see the banks as predatory (traditional banks anyway). If you don’t pay back your debt with the interest you agreed to, you should be punished. Of course, there are those rare cases where a medical emergency or other unfortunate circumstance contribute to a person’s inability to pay. Those types should be helped…but they are not the norm.
