The moral of the Farepak collapse is pretty straightforward: save your money in a fucking *bank*, don’t give it to an unregulated private company.
Why the fuck would you decide to save with some rip-off catalogue that might steal your money, instead of using a savings account where you’re guaranteed both decent interest and deposit protection, getting the money out at Christmas, and buying your presents with it?
All the kids whose Christmas has “been ruined” (in the context of the British working class, this means “oh no, your present is only a DVD player not a PS3″) by the Farepak collapse should have this explained to them in detail:
“Your parents lost the money they were supposed to spend on your present because they’re utter fucktards. If you pay attention at school and don’t do equally gibberingly stupid stuff when you’re grown-up, you’ll be able to afford all the presents you want. Now shut up whining or we’ll belt you, you greedy little bastard.”