Tesa

American Enterprise Institute and Consumer Financial Protection

Zachary if the industry was tired of it just like you are they wouldn't have needed these complex products to deceive people. You participate in double talk, just like they were.

You want disclosure but you don't really want disclosure because nobody will understand it including the sellers and the so called gurus of wall street because if they did the sub prime market wouldn't blow up like it did.

The commissions have been quite sweet to the mortgage providers so they want the business back as usual to sucker people into their web of deceit.

Who were the costumers of these complex options. Were they supposed to be mathematicians. Where would you find mathematicians with a law degree to read these crappy documents.

Its surely those that don't understand the documents that were targets of these fraudulent mortgages that were intentionally designed these complex products to deceive people.

The make deceit optional is what the financial industry wants.


On Jul 17 02:51 PM Zachary Scheidt wrote:


> You mention that disclosure isn't enough. I'm not sure that I agree
> with this. But I don't think the mortgage process has come close
> to true disclosure in decades. Writing everything down on 200 pages
> of mortgage documents and then asking a buyer to initial every page
> assuring him that this is "standard" isn't disclosure - it could
> actually be considered duress.
>
> I agree with you that options should be available to ALL buyers,
> not just those who are considered sophisticated. But the disclosure
> for those options should be explained in peter rabit english so that
> buyers who do not have an MBA in finance can still understand what
> they are getting involved in.
>
> Zach
> zachstocks.com

American Enterprise Institute and Consumer Financial Protection

Why not rename their institute to
"American for Fraud Institute"

Who is going to offer fraudulent mortgage vending when it is in such a high demand for them. We need unchecked racketeering, here and now. Nigerian princes need an institution too.