Such remarks being made by someone once considered to be a financial genius… rather pathetic.
I really don't see what being poor has to do with being honest. I seriously doubt if any correlation exists or can be proven.
Its not as if the banks are giving them a tough time or being hesitant because they doubt the honesty of the borrower. The bank couldn't care less if the borrower is honest or not. The bank is more concerned about repayment and THAT is the reason for hesitation.
I have so much more to say on this, but can't seem to word it properly. I can't put it down without the risk of being termed an 'elitist'.
Sigh… fucking peasants.