R.C. Iwabuchi's Profile

Financial products, and they are products, just like toasters, are sold today with the most dangerous features embedded in them because that's what drives profitability. What's astonishing is that we let this happen. You can't buy a toaster in America that has a one in five chance of exploding. But you can buy a mortgage that has a one in five chance of exploding, and they don't even have to tell you about it... We have consumer protection for everything you touch, taste, smell, feel... But there is no equivalent for credit cards, for mortgages; there's nothing.