 Quote:
Originally Posted by ERD50
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Maybe we need some regulation such that ANY use of margin or leverage includes some standardized disclosure of the risk. With examples that anyone could understand. And yes, this would include home mortgages. I find it simply amazing that a pretty large % of the population could probably point to the use of 10:1 margin in the stock market in the 1920's as one of the causes of the Great Depression (or at least understand it when explained to them), but most of those people wouldn't think of their 10% down home mortgage as being in a similar class.
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-ERD50
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So you agree. We need some regs.
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Planned FIRE Summer 2011
Disclaimer: I make no warranty or guarantee about the accuracy or completeness of this information. I am not a financial planner, my comments only represent my opinion.
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