Its a large part of why I'm in favor of regulation. Many, many people get screwed precisely because they can't read between the lines.
Yes, that is a common reason for supporting regulations - a well-meaning disdain for the intelligence of others.
Yes, that is a common reason for supporting regulations - a well-meaning disdain for the intelligence of others.
Maybe, just maybe, there were a few who said, "I'm going to flip this house before the interest rates adjust, so who cares what it says between those lines?" or "I'll live in this house while I can afford it, and when I can't I'll mail in the keys and leave the bank hanging for a loan I agreed to pay back in good faith."
All the bad guys aren't on one side.
Regulation is rarely an outright ban, especially in this context.