An important read

And I know this belongs in Politics but wanted to reach as many people as possible. This is about legislation to protect your hard earned dollars. https://www.msn.com/en-us/money/retirement/the-gop-s-war-on-retirees-is-just-blatantly-ripping-seniors-off/ar-AA1oJ96A?ocid=msedgntp&pc=U531&cvid=96b2d48552434a6880906b6e8de2f017&ei=81

I am sympathetic to the women's plight, but the government is not responsible to protect people from their poor decisions. Each of us needs to take responsibility for our choices. I've made plenty of mistakes of my own in my life and I am sure most of us have. I do not see where the government has to rescue me from my errors in judgement .

How does an unethical financial advisor's actions equate with this woman making "poor decisions"?

There are so many shady dealers in every profession it is a wonder how they all can be policed. They are when they get caught, but the victim can only sue, which requires money and lawyers (shady dealers there too) and years in court and the victim can still get nothing.

How do they do that in Mexico? Does the Mexican government ride to the rescue when someone gets swindled?

Does this mean the Mexican way of doing things is ideal? I sure don’t want to go get gas and learn that the pumps have been jimmyrigged or that the weigh scales at the grocery store have been altered. There has to be consumer protection or the haves will always abuse the havenots.

The MER's of an investment is just as important as the ROI. Somehow this issue seems to be ignored at a great expense to the investor.

Unfortunately ALL laws exist because the right and wrong way of doing things has to be SPELLED OUT with consequences for some people.

RoyD wrote:

How do they do that in Mexico? Does the Mexican government ride to the rescue when someone gets swindled?

Actually, Mexico does have a consumer protection agency, called Profeco.

https://en.m.wikipedia.org/wiki/PROFECO

You can file complaints with them. I don't know how effective they are, but I have read of things they have dealt with.

For instance, they go around and check vas stations and publish a blacklist of those that were found to have altered the pump readers.

And there's now a published list of propane prices per liter for each municipality so that people don't get ripped off.

Prevention is worth a pound of cure. Anything that helps discourage abuse is a good thing. Unfortunately, a good amount of laws do not get enforced or are selectively enforced. Poor people go to jail, wealthy people tend to get a pass, unless you are in NYC where the opposite is true. Criminals go to jail and then released. It is weird world we live in.

Probably my favorite quote about mankind is from "All The King's Men" by Robt Penn Warren. I read that book some 50 years ago when in college, "Man is conceived in sin and born in corruption as he passeth from the stink of the didie to the stench of the shroud."

kiko wrote:Probably my favorite quote about mankind is from "All The King's Men" by Robt Penn Warren.  I read that book some 50 years ago when in college,  "Man is conceived in sin and born in corruption as he passeth from the stink of the didie to the stench of the shroud."

Why are you always picking on Trump? LOL