You loan it, you own it lawSubmitted by John Ashman - A... on Mon, 07/09/2012 - 09:40
The title of the law pretty much says it all
Because basic contracts are a fundamental part of libertarian beliefs, how is it that you can make a contract with a bank, and then they sell it to someone else? I assume it's all buried in a lengthy contract somewhere that they can do that, but it shouldn't be legal UNLESS it is on a separate form that is signed within 30 days of the sale of the loan. And for one thing, that will entice the banks to offer a benefit to the customer to sell it at the very least.
But seriously, doesn't this one law solve just about EVERYTHING????
I say this because I think OWS needs a mission statement.