I agree that you have to understand what you're getting into, but I argue it's not limited to products of high finance. What about payday loans, borrowing on c

I agree that you have to understand what you're getting into, but I argue it's not limited to products of high finance. What about payday loans, borrowing on credit cards, etc.? Let's not forget about buying houses...we all know how that turned out. Student loans? Like successful hedge funds, you only hear about the flashy side of consumer finance. Thousands get screwed every day from crooked (and non-crooked) schemes aimed at the non-affluent. There's no simply no reason to block access to (potentially) the most lucrative instruments known to man in the name of risk. It's already everywhere.