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do you advocate taking advantage of anyone, if they don't know enough about a subject to make an informed decision?

for instance, the home loan issue going on now.... these people didn't have a clue about what they were signing... should they? probably... did the lenders know they wouldn't be able to pay it if the rates increased? most did...

isn't saying "buyer beware" advocating taking advantage of anyone that doesn't know better? I mean if you're "not against it, you're for it"... according to Bush... right?

2007-11-15 11:23:37 · 4 answers · asked by Anonymous in Politics & Government Politics

should be "don't" instead of "doesn't"... my bad

2007-11-15 11:24:41 · update #1

while it would be great if all buyers were aware, I'm afraid that's not going to happen...

2007-11-15 11:30:09 · update #2

is someone saying that Republicans are in favor of business regulations?

maybe you should tell EVERY REPUBLICAN I KNOW THAT THEY ARE WRONG...

and I think the parties have changed a smidge since then... and also, as I recall many Repubicans were VERY UNHAPPY with many of Teddy's ideas...

2007-11-15 11:33:09 · update #3

also, don't you love it when people blame it on Clinton with no citation, then talk about something from 90 years ago that has basically no bearing on the issue, and then call you stupid... and NEVER EVEN BOTHERS TO ANSWER THE QUESTION... nice job....

2007-11-15 11:35:35 · update #4

AH HA... a bit of an answer here... banks should take a hit for giving out loans like candy... ah... I agree actually, so the lenders do bear at least a bit of responsibilty

... and I don't exactly think we should bail everyone out either... just saying...

2007-11-15 11:38:22 · update #5

4 answers

I hate to say this but I am really beginning to believe that cons are not very smart. If they had a chance to "buy" Bush again, they would. They rely too much on idealogy and too little on logic.

Example: Giuliani leads in the polls.

2007-11-15 11:33:12 · answer #1 · answered by Triumph 4 · 2 2

Isn't the saying "buyer beware" just common sense? This is especially true when buying something as large and as costly as a house. While I do think lenders shoulder some responsibility for making these unconventional loan options available to many people who had no clue what they were doing, those that signed these loans must also accept some responsibility for making a poor financial choice.

2007-11-15 11:28:26 · answer #2 · answered by msi_cord 7 · 2 1

Uh. You should stop right now. The home mortgage issue was actually developed and instituted during the Clinton Adminstration. I know without a finance background, you wouldn't know this, but its true. As for buyer beware...come on here!!!!!!!!!!
Are people really this ignorant to reality and history. All the business regulation frameworks and monitoring systems were instituted by REPUBLICANS...mostly be Theodore Roosevelt, who was the Republican Party unto himself. And the DEMOCRATS made historical fools of themselves saying this would kill commerce in America and businesses would be fleeing to Europe.
Well, I guess Dems were wrong again. I think you could have had a good point here if you stayed awake during history and current events. (i know they seem like boring classes when smoking pot behind the bleechers was way cooler, but if you were there you wouldn't have mad an @$$ of yourself here).

'nuff said
...
Yes Republicans are in favor of business regulation..history is teeming with that...how did you miss that. And wake up. The system that has been established for the mortgage industry was around for quite some time. I am not BLAMING it on Clinton...tool..I am saying it happened on his watch. it was no ones fault directly...it just happened on his watch...Good Lord, its not that difficult people...if you are looking for a reason to hate Bush, just say he is ugly.

2007-11-15 11:30:35 · answer #3 · answered by Kiker 5 · 1 4

Look, we have all gone to the school of Hard Knocks....and if you make a financial mistake, you will only "learn" if you have consequences.....
....We need to let the ball fall where it may, We will all recover and go on to being more responsible...if not, then maybe the government needs to bail me out for my credit card...
...We Are Adults, now, aren't we?

2007-11-15 11:39:06 · answer #4 · answered by Rada S 5 · 2 1

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