Mr Smith goes to the door of Mrs Elderly.
Mr Elderly is dead and gone, so Mrs Elderly is left on her own.
Mr Smith tells Mrs elderly that he is from the gas company. He say she should give him 100 bucks.
Mrs Elderly complains.
Mr Smith reiterates her debt and adds that he will take swift "action" if she refuses.
Mrs Elderly gets her purse and gives Mr Smith 100 bucks.
Now, where does the law stand on this? Does the law say "Buyer Beware", it's a free country?
=====================================================================
Merrill Lynch says "Buy company X because they are good".
So, hoards of investors buy company X
Company X goes broke.
Investors a,b,c and d do their own research and find out Merrill Lynch lied.
Where does the Securities ans Exchange Commision stand on this?
I can tell you where the stand. Merrill Lynch has to pay $5,000,000.oo (true story this year)
Do you see the point yet?
==================================================================
Religious CORPORATION WTS says "Invest your life with us, for we are righteous as all get out" and here's the proof (providing lots of false history)
So, people do.
People then find out that CORPORATION WTS lied.
CORPORATION WTS then makes threat of swift "action" against those who have done their own "research" in hopes of surpressing the information that they are BANKRUPT
And you say the law says "Buyer Beware"
Going back th Mrs Elderly and Merril Lynch, tell me the difference?
Is the issue not yet painfully clear?