Even pros don’t read the fine print

In Financial competency on 22/07/2011 at 9:18 am

Barclays recently defeated a claim in London’s High Court by an Italian bank that claimed its practices amounted to fraud. It had the appropriate small print disclaimers in its product contracts.

Moral of wtory– Read the fine print. If you don’t bother, the law will not bother to protect you.

Moral 2: If you read the fine print, but don’t understand it, don’t invest. If you invest, the law also won’t protect you.

Moral 3: The law is always on the side of those with more money.

  1. Barclays vs (small) Italian bank, in London’s High Court….conclusion is pretty much forgone.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: