Nice if you can get it. Something seems terribly out-of-wack with that setup.
No doubt it is legal. One can legalize theft and call it "right", but laws don't make things right or wrong. Piling up debt and obligations for others to pay only makes sense to me in a very few instances (like infrastructure projects). But what consequence is there (other than the scorn from those left holding the bill)?
Maybe the volume should be turned up on the scorn.