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Completely agree that financial institutions encourage inprudent behavior. Nevertheless people are responsible for the choices they make.
by cdoxsey 8y ago
Completely agree that financial institutions encourage inprudent behavior. Nevertheless people are responsible for the choices they make.
- pixl97 8y agoRight, that's why we dont have speed limits, and people only get punished after they cause a fatal accident. Or are you completely unwilling to believe that complex, and opaque systems need any kind of regulation to prevent abuse by people at all levels. And that people at the bottom of the system are the most likely to be abused by said system.
- maxxxxx 8y ago"Nevertheless people are responsible for the choices they make." How is the normal not finance expert person supposed to navigate this? On the one hand you are supposed to believe investment advice but on the other hand you are not supposed to believe the financing advice you get when buying a house. The financial industry wants it both ways. We have to trust them as experts when it suits them but when things go wrong it's the customer's fault.