I have nothing to add but to say that you are all sorts of awesome in my book. My story is similar: sharp cookie, dropped out of high school to pursue women then eventually programming (aha, there was my mistake), blah blah, now I'm in my mid-30s finishing a math degree. Couldn't be happier. People like you inspire people like me.
Fucking Slashdot 2.0 threading. I had no idea there were no less than four other responses before posting my own.
Don't fall into the trap (and then drag clueless yet for some reason pedantic mods with you). Effect can be a verb and affect can be a noun. Look them both up.
It's truly a testament to the demise of Slashdot that you were modded to -1. You speak the truth.
>Its statistics.
No, it's just arithmetic. Stats is concerned with how likely and how often defaults may occur, not the overall gain or loss as a result.
>Perhaps because you aren't very bright?
Don't be a dick unless you are absolutely sure you are right. Even then, don't be a dick.
There wasn't modern industry, but there was economy. So your second point is as dribblingly retarded as your first.
Your post just demonstrates that you don't know much about economics, so I'd lay off the insults.
If you think the system is working, ask someone who's waiting for a prompt.