tag:blogger.com,1999:blog-2364362406345742956.post5283431427903205284..comments2023-10-23T09:23:05.584-05:00Comments on Live Oaks: Speak for YourselfBrian Phillipshttp://www.blogger.com/profile/06604845862020723068noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2364362406345742956.post-29928754880270029012010-09-18T04:25:53.160-05:002010-09-18T04:25:53.160-05:00What is wrong with individual responsibility? If y...What is wrong with individual responsibility? If you don't understand a contract, don't sign it. If you don't like the terms, find another company to do business with.<br /><br />Regulation does not create a "level playing field" or prevent fraud. If it did, how do you explain Madoff or myriad other frauds that regulators missed?Brian Phillipshttps://www.blogger.com/profile/06604845862020723068noreply@blogger.comtag:blogger.com,1999:blog-2364362406345742956.post-66794319077356267262010-09-17T23:18:00.960-05:002010-09-17T23:18:00.960-05:00The government should be able to create a regulato...The government should be able to create a regulatory framework where both sides have an equal opportunity to make decisions on the contracts they enter. That would generally mean the banks have to make it clear what's happening, ie no tiny font paper in the bill that looks like an ad, and most important;y, require that the agreement be signed by the customer. No more "absence of a response will be deemed acceptance". All agreements must be written in clear English.<br /><br />I understand you find all regulation abhorrent, but that's not realistic. Regulation provides a framework for commerce to operate fairly, preventing one party from taking advantage of another. The most important role of regulation is to maintain a level playing field, where the companies that are decent don't lose out to the companies that appear to be a better deal bu later turn out to be evil scum.Mr. Moderatenoreply@blogger.com