I was thinking of laws that limit action in an attempt to 'save' citizens from themselves. Banning trans-fats from restaurants, for example, which implies that restaurants are to blame for the porcine rear-ends rather than the over-indulgant mouths feeding them. Lawsuits from heart attack victims are sure to follow, in my cynical opinion.

Another potential law that rings of a bail-out-turned-cop-out can be found in many of the proposed legal solutions to the current US housing market slump. So many lenders extended credit to poor risks, who in turn failed to grasp their legal liability in purchasing a house with an ARM or interest-only loan that now the housing market is on the verge of collapse. Many of the propostions being bantied about put the blame on the lenders, absolving from accountability those who signed their name on the dotted line. Three years ago as this crisis was dot on the horizon, there were complaints that lenders were taking advantage of home buyers who didn't understand the paperwork. In my less than complimentary opinion, that it not the fault of the lender! When I purchased my house, I was asked if I understood the contents for every single page I signed. If I said yes dishonestly, how could that be the fault of the lender? Laws passed to prevent this sort of thing will be unwieldy at best, and a poor service to the careful buyer.

Sorry--off topic ranting, as is my wont.


tempus edax rerum