You don't have to take our word for it--you can read Ryan Dancey's own words about it on this very site:
So, it seems to me that
"TSR had pledged most of the copyright interests in D&D as collateral for loans it could not repay"
"doing something spiteful and refusing to and ending up selling to the banks piecmiel"
have very little in common.
Specifically, that "spiteful" indicates an emotional intent that using rights as collateral on loans doesn't imply.