Imagining a law
Jun. 14th, 2012 12:36 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
nancylebovIt would be nice if people weren't allowed to invest in things they don't understand, especially if they're investing other people's money.
There are some practical problems with a law like that-- I can't imagine an fair, efficient test which would check on understanding.
On the other hand, maybe "we made investments we didn't understand" shouldn't be a legally or socially acceptable defense.
There are some practical problems with a law like that-- I can't imagine an fair, efficient test which would check on understanding.
On the other hand, maybe "we made investments we didn't understand" shouldn't be a legally or socially acceptable defense.
