In some cases, I can agree with you. There are predatory practices that shouldn't even be legal.
But this guy went out and borrowed $100k to put directly into risky investments. He also bought four houses at zero down, maximizing his risk of default. He wasn't suckered into this, it was a calculated move to try and get rich quick. Then it blew up in his face, and while that is not his fault directly, he's clearly smart enough to have known the risks. Now that his (not so) little bet has gone against him, he doesn't want to pay it back?
But this guy went out and borrowed $100k to put directly into risky investments. He also bought four houses at zero down, maximizing his risk of default. He wasn't suckered into this, it was a calculated move to try and get rich quick. Then it blew up in his face, and while that is not his fault directly, he's clearly smart enough to have known the risks. Now that his (not so) little bet has gone against him, he doesn't want to pay it back?
I call bullshit.