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You're right, and I know. I have an education in economics :-) The reason I omitted it was the difficult problem of explaining a complex subject in very few wo
by mixmax 14y ago
You're right, and I know. I have an education in economics :-)
The reason I omitted it was the difficult problem of explaining a complex subject in very few words, and still pointing the finger at banks. If you tell joe six-pack that his mortgage sometimes got cheaper you'll either have to divulge a complex explanation of why this is bad for him (which he won't understand or care about) or have him think that the banks should do some more of that LIBOR rigging so his mortgage can be lower.
It's a compromise.
- smsm42 14y agoIf you didn't know the facts it is excusable mistake, but if you knew the facts and still wrote something that is factually wrong - because "joe six-pack can't handle the truth" - then I can't see how you can consider you're doing anything but plain and simple deception. And when "joe six-pack" with discover it - and he will, eventually - you'd be surprised why he doesn't believe any word you say anymore. If you sacrifice the truth in order to further your goals, you're part of the problem.
- cynicalkane 14y agoIt's not a compromise. The "simpler explanation" in this case is not a simplification, it's a lie. It's fundamentally misleading on why LIBOR rigging is bad.