Trouble is; even though educated and provided with information some folks are gonna try to game the system. That's why certain people will go for the "certain types of loans which are unfair and "only for suckers", . They reason i can get over and get out before the rates go up. Instead they got caught. Perhaps it's these folks( These suckers that is) that others want to see get a lesson. Not the poor sap who didn't have the moxy to read the documents he was signing.
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Originally Posted by Eric5273
You are under the assumption that the only way to "educate" people is for them to suffer and learn their lesson the hard way. If that is the case, then maybe the surgeon general should not require a warning on tobacco products. Maybe people who smoke should learn their lesson by getting cancer and finding out the hard way.
Or we can simply educate people by providing them with information. How about some regulation of the mortgage industry. If certain types of loans are unfair and "only for suckers", then the government should step in and pass legislation so that such loans are illegal. Or at least people should be required to read some sort of government mandated disclaimer which explains all the risks of such loans. Not everyone is aware of such risks, and I'm sure the salespeople selling these loans do not tell them about it as they are paid on commission and want to close the sale.
It's the government's job to protect its citizens, and even though it may be hard to believe, there are actually things other than terrorism that we need protection from.  |
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