Quote:
Originally Posted by Haight
"They are stupid"?
So let me get this straight: If someone figures out how to take advantage of another person, then, we call that person "stupid" and say that they deserve what they get because of their lack of knowledge?
That sounds rather socially Darwinistic to me.
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Figures out how to take advantage of someone? Are you sure you're talking about the same thing? Taking advantage of someone through lies and deceit is fraud, and that's already illegal. If you're an honest lender and a borrower doesn't perform their due diligence before signing a loan worth hundreds of thousands of dollars, that's no one's fault but the borrowers. If you want to force lenders into more obligations regarding that issue, then loans are going to be more expensive. The people who lose out the most are the people who could barely afford loans in the first place. Regulations have financial consequences.