This mindset is not uncommon among witnesses, they use to get upset with people with mutual funds and stocks and bonds claiming they had no faith!
The same witnesses had no problem spending all their money on expensive trips, Five Star hotels and spending $300 for a meal for two at some luxurious dining place. How come its good to spend, squander all your money on things like I mentioned and if you can't afford to pay back all that money you borrowed, Jehovah allows you to file bankruptcy and rip the creditors off! That's JW ethics and morality, not all JWs spent their money on luxurious living, some did get slammed by unseen events and truly did deserve a second chance while other fat pieces of crap knew they were going to file BK and charged up their cards to the max!