Immoral economic enticement is at least one cause of the economic debacle we now find ourselves in. What do I mean by immoral economic enticement? Today’s mail brought a solicitation from Capital One informing me that I have been pre-screened and approved for a $10,000 loan at 7% APR – just sign here and send back in our handy self addressed stamped envelop and the cash is yours. I didn’t ask for it. I have no immediate need for it. Capital One is not the place I would go for a loan if I did need one, but gee whiz, for only $198 a month for 60 months why not? I’m sure I could find something to spend it on. Right?
This is not all that different than the drug pusher hanging around outside the school giving away free samples, and discounts on future purchases with referrals. It is immoral!
Capital One – Shame on you!