Collect Experiences. Not Things. :')

October 17, 2010

Elizabeth Warren - Obama's Consumer Finance Czar

“It breaks my heart to say this, but I think the word ‘disclosure’ has become a dirty word,” she said. “What it’s come to mean is layers and layers of fine print that nobody reads and nobody understands. Indeed, it’s worse than useless because it is shrubbery to hide muggers,” Warren said in a reference to lenders who use complex disclosure forms to hide fees.
Paraphrase: "the small print on financial forms is like shrubbery to hide muggers".

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