A way that I characterized this (in my feedback) is that ‘high control’ is, from the perspective of the users, often the point! Lots of people will do things like join the military because the military will seize control of their life and turn them into a different sort of person, and they would rather be that kind of person than the person they are now (or that they expect to turn into under their own control).
And so the core questions are: ok, but do you want to be shaped by this person or by this system? It is often hard to tell this from inside the system—if it weren’t self-recommending it would have already collapsed—but I think this is nevertheless the core question. From my (somewhat distant) vantage point, MAPLE doesn’t look great on this front.
Personally, I’m astounded that they apparently kept their leverage at 3X? As the stocks went up, I simply would not have taken out more loans.