Quote:
Originally Posted by oldjudge
Hi Corey! The easy solution is that if people find these terms egregious they can choose not to bid in these auctions until the terms are changed. Voting with your feet may work better than waiting for legislative changes. Do I think this will happen on any meaningful scale—no.
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As we are learning from this thread, many people do not and will not know what is taking place. So yes, I can vote with my feet, and in fact that is what I do. But how can a person do that if he/she doesn't know what is going on? Isn't that what legislatures are supposed to do -- prohibit shady practices that the average Joe would otherwise not realize are taking place and therefore not take the proper precautions to protect themselves?