Totally agree - there's a lot of double standards here:

Bankruptcy is good for entrepreneurial risk, but not for human thriving apparently...

Student loans should also get discharged in bankruptcy and the schools who are benefiting from predatory lending should take the bath.

People investing in companies do so knowing that it might be a poor investment.

But if a company borrowed the money and never had the intention to make enough to pay it back or return on investment, we have a different word for that. That word is fraud. Just ask Elizabeth Holmes.

People are corporations too.

That’s intentional to foster the growth of entrepreneurship. It’s the ability to do something without being personally liable. It’s a good thing.

Exactly! I like the analogy of:

When the bank is giving you a sub-prime loan, who is more sophisticated in that transaction?

If the bank (with their fancy risk models, etc.), why shouldn't they be the party to take the bulk of that risk?

A similar situation occurs if you bring up usurious bank charges, such as overdraft fees. I lucked into an aptitude for a lucrative paycheque/career, but somehow I still manage to feel enormous sympathy for people being utterly robbed by these fees, banks literally structuring transactions to charge enormous penalties to the very people least able to afford it, for something which actually costs them fractions of a cent.

People become absolutely psychopathic about these sorts of discussions, and become heartless, soulless goblins. Even people at the bottom of the socioeconomic ladder will desperately line up to show how good of little corporate bootlicking subjugates they are.

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