This sounds a lot like mortgage crisis. There, borrowers said they didn't understand the terms of loans that had changing rates (ARMs), and banks said they didn't mislead anyone because the terms were in the contract.
These fights explain why we have government regulation and education to sort things out. We can't have the rich constantly taking advantage of the poor, and we can't have the poor be so uneducated as to not understand the risk of a NINA loan. It isn't good for the growth of the country.
This sounds a lot like mortgage crisis. There, borrowers said they didn't understand the terms of loans that had changing rates (ARMs), and banks said they didn't mislead anyone because the terms were in the contract.
These fights explain why we have government regulation and education to sort things out. We can't have the rich constantly taking advantage of the poor, and we can't have the poor be so uneducated as to not understand the risk of a NINA loan. It isn't good for the growth of the country.