A happy ending ... except for those who collectively lost $40,000 through written off debt.
I mean, what is the point of this story? What is it meant to achieve? To send a helpful message about not getting into debt? To make people who haven't lost their jobs feel guilty? To put a human face on the recession? Is it a modern day Aesop's fable?
It doesn't link to any policy-barrow being pushed. Except maybe the socialist clamour over inequality. Good- guys- are- poor- too sort of thing.
They sound and look like a very nice family but they've also had (albeit inadvertently) stuff they never paid for and never will. I suppose that's uncharitable of me. But this "no asset" procedure just sounds like another safety net that will encourage irresponsibility. Another scheme to transfer financial onus from the have-nots to the haves. Trouble is, sometimes the haves aren't.
Samizdata quote of the day
2 hours ago