Re:Nobel Prize Winner Joseph Stiglitz Calls for Jail Time fo...
by Confusion on Saturday October 23, 2010 @02:47AM
(#1822851)
If you think people signing a contract for a mortgage know what they are getting into, then you don't know people. The first 10% is illiterate, the second 20% numerically illiterate and then there's a huge partition that just doesn't understand the math and the options. People are being taken advantage of, because they don't know what they are getting into.
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Re:Nobel Prize Winner Joseph Stiglitz Calls for Jail Time fo...
by gsmaverick on Saturday October 23, 2010 @03:10PM
(#1824150)
Then they should seek the advice of a professional before signing a very large contract in the form of a mortgage. Executives shouldn't be held responsible for people who don't read fine print or who fail to understand how mortgages work.