3 ms·
The linked article is a clear case of the messaging from the company trying to downplay the risk, as I wrote before. The example of financial advisers selling r
by advael 3y ago
The linked article is a clear case of the messaging from the company trying to downplay the risk, as I wrote before. The example of financial advisers selling risky products is an apt one, because very famously, the entire finance industry has crashed giant segments of the US economy multiple times via selling products carrying insane risk profiles to customers who were not in actual fact risk-affine and novelty-seeking, and did not in fact understand the risks. They did this because they were incentivized not to be responsible, but to push as much product as possible, and because their risk in this equation was substantially mitigated by deep-pocketed financial backers, including but not limited to bailouts from the government itself, in a way that the risk of their "customers" (Past a certain threshold of deceptiveness, I would consider the term "victims" more appropriate) was not