It's psychotic. 100%. 
As I noted a while back "Everyone's familiar with the moral question 'would you steal to feed your child. The answer is yes. Financially compromised people tend to forgo their morals." 
Another example of the same concept; where employers for high position management or sales jobs will NOT hire someone who's not DEEP in debt, because they know they can absolutely OWN those who are.
So it's one of the reasons they let value seep out of YOUR money, in addition to the fact that it seeps TO them.