Quoting the Crisis28/09/2009
“ Hell, I write, read, and negotiate extremely complex, lengthy financial contracts between highly sophisticated institutional counterparties for a living, and even I can’t understand half the shit in a typical credit card application or “account terms update” mailer. Plus, even if I could, why the hell would I want to spend the time to do so? Consumer financial products are supposed to be about convenience, right? Too bad they’re all about information asymmetry and rent extraction instead. I shudder to think what a normal person—who (correctly) believes the use of the phrase ;provided, however, as a transitional modifier in a 300 word sentence in the middle of a 20-page contract is a Sign of the Devil—does in such circumstances. I imagine they just close their eyes, sign on the dotted line, and hope for the best. That is no way to run an economy. „
The Epicurean Dealmaker: And Now for Something Completely Different (via nonolet)
Quote posted at 13:20
