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Comment by Kristine1975 | Hacker News Reader

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Kristine1975·

>They must disclose and inisist on the risks of a product.

By giving me a 50+ pages brochure. Just like EULA's hide the nasty stuff among huge amounts of text.

Sure it's better than nothing, but still far from perfect IMO.

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No no. If you trade something on margin or borrow money, in many countries like in the UK, all the marketing material has to clearly state the risks. All mortgage ads have a big banner "if you do not make your payments your house may be repossessed". A derivative contract with a mid-size company is now deemed missold if the marketing material doesn't highlights adverse or worst case scenario.

These are not font 6 footnotes in the terms and conditions.

Yes, and what great nanny-stateism. The only people whom that big warning helps are people who don't know what a mortgage actually is, yet are planning to take one out anyway. I'm sure such people exist in very small numbers but this is how you get "Warning: may be hot" on coffee cups. Where do you draw the line? Surely someone who walks into a bank and says "I'd like a mortgage" should be expected to know what repossession is?

And yet in the US look at any prescription drug ad, where there's this ugly extended component of the ad that details dozens of possible issues, which to your logic would be the job of the physician (and I agree), not the advertising.

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