Oh boy, Tom

My analogies are "disingenuous"? Why? That means not sincere, or not candid. Why would you assume my different view from yours is either? I think the analogies are valid, that's why I gave them. If you think an analogy I used is invalid, please explain why, and I will consider your point(s).

I don't hold spokespeople accountable, because I don't consider them credible. I don't know people who make decisions based in any way on their appeals. I can't imagine who would. Selleck is not a financial planner, advisor, mortgage broker, or expert on the matter in any way. Spokespeople are almost never qualified in what they are paid to promote. I could hate them all for it, or I could just ignore them when they give their paid for opinions. I like to hand out as little hate as possible, so I generally choose the latter. I don't give a rip about Tom Selleck. If he broke the law, I hope he will be prosecuted. Beyond that, he will not influence any of my financial decisions.
We will have to disagree regarding whether or not a spokesperson should have an understanding of what they are selling and who they represent.

Regarding my use of the word disingenuous, I interpreted your comparisons as apples to oranges. In doing so the point I was making was twisted in a very narrow way. There are many unforeseen activities within a corporation which may be beyond the scope of performing due diligence in evaluating the culture and mission of a company.

Reverse mortgages are a known predatory practice and seldom end favorably for the client. I see reverse mortgages in the same light as JG Wentworth buying out annuities and structured settlements from the disabled and elderly. Just because something is legal does not make it moral.

Tom Selleck made an immoral choice and to defend that choice further normalizes immorality.
 
Okay…. Hang on there pro spokesperson supporter….. we are talking about people’s home not a roller coaster ride. So your Disney analogy is wrong….. Tom Selleck has been around for a long time… so older people relate to him like him probably fantasize about him…. Then he comes on tv and says he will give you free money. A lot of vulnerable older people will trust Tom and sign on….. that’s the problem.
When was the last time you saw an ad on TV for a black rock fund ?…. Tom is scum nothing more…. Show me his reverse mortgage ….. if he has one I will add stupid to scum



What if the roller coaster ride kills you due to purposeful negligence in maintenance?


Maybe your problem is the reverse mortgage industry. I don't care for the industry myself, as I believe in almost all circumstances, it's a bad deal. I think the same of PayDay loans. I would put car leases closely behind. I have not participated in any of those, and Tom Selleck nor any other spokesperson would have convinced me to do so. These industries are subject to laws regarding fraud and false advertising. If they are in violation of any, I hope they are prosecuted. And if we need additional laws to protect the public, I am listening.

I am definitely a small government guy, but I have always thought there should be far stricter requirements on the length/complexity of contracts. We all sign a phone book of language when we buy a house. Even if you read it all (I actually have come very close), most people would have much they did not understand, or thought was unclear/unfair. You could have a lawyer explain things to you and/or strike stuff. But that would be very expensive and if you strike anything, it is fair to say you aren't getting the house. So, I would definitely support restrictions on the complexity and length of contracts. After all, the Constitution and Declaration of Independence that formed this country combined are far shorter than my cell phone service agreement. But I digress...

A lot of people believe car warranties are a scam. I have actually bought a bunch of car warranties over the decades and overall they have turned out to be a money maker (and convenient) for me. And I have been called a fool for buying them. Have I been a fool for it, and would I be a scumbag if I promoted them? My first many experiences in getting warranty coverage for big problems was easy.

But I will admit as time has gone on, in numerous circumstances, I have had to put significant effort into getting a warranty honored. Dealers have tried to deny the existence of a problem, mis-stated (to be kind) what the problem was, and incorrectly (to be kind) claimed the warranty didn't cover that problem. I know enough about cars, and warranty language and laws governing them to be able to get the full benefit of the warranties I have bought. But, I won't categorically say they are a good thing. They are a money maker for the companies, in part I believe, because of crappy tactics and practices of those companies. Insurance of most kinds falls closely behind. We all have insurance.

But I do believe strongly in our freedom to make choices others would deem foolish. Most people don't have boats and believe they are an incredible waste of money with constant hidden, unexpected, enormous expenses. Many of us have advocated heavily for people to consider getting into boating and have made a number of arguments in favor of it. I would hope all those that believe boating is not what we present it to be don't think we are scumbags for it.

I enjoy the dialogue and respect your opinions, gents. On most things (this included), I don't require agreement to think highly of someone.
 
What if the roller coaster ride kills you due to purposeful negligence in maintenance?


Maybe your problem is the reverse mortgage industry. I don't care for the industry myself, as I believe in almost all circumstances, it's a bad deal. I think the same of PayDay loans. I would put car leases closely behind. I have not participated in any of those, and Tom Selleck nor any other spokesperson would have convinced me to do so. These industries are subject to laws regarding fraud and false advertising. If they are in violation of any, I hope they are prosecuted. And if we need additional laws to protect the public, I am listening.

I am definitely a small government guy, but I have always thought there should be far stricter requirements on the length/complexity of contracts. We all sign a phone book of language when we buy a house. Even if you read it all (I actually have come very close), most people would have much they did not understand, or thought was unclear/unfair. You could have a lawyer explain things to you and/or strike stuff. But that would be very expensive and if you strike anything, it is fair to say you aren't getting the house. So, I would definitely support restrictions on the complexity and length of contracts. After all, the Constitution and Declaration of Independence that formed this country combined are far shorter than my cell phone service agreement. But I digress...

A lot of people believe car warranties are a scam. I have actually bought a bunch of car warranties over the decades and overall they have turned out to be a money maker (and convenient) for me. And I have been called a fool for buying them. Have I been a fool for it, and would I be a scumbag if I promoted them? My first many experiences in getting warranty coverage for big problems was easy.

But I will admit as time has gone on, in numerous circumstances, I have had to put significant effort into getting a warranty honored. Dealers have tried to deny the existence of a problem, mis-stated (to be kind) what the problem was, and incorrectly (to be kind) claimed the warranty didn't cover that problem. I know enough about cars, and warranty language and laws governing them to be able to get the full benefit of the warranties I have bought. But, I won't categorically say they are a good thing. They are a money maker for the companies, in part I believe, because of crappy tactics and practices of those companies. Insurance of most kinds falls closely behind. We all have insurance.

But I do believe strongly in our freedom to make choices others would deem foolish. Most people don't have boats and believe they are an incredible waste of money with constant hidden, unexpected, enormous expenses. Many of us have advocated heavily for people to consider getting into boating and have made a number of arguments in favor of it. I would hope all those that believe boating is not what we present it to be don't think we are scumbags for it.

I enjoy the dialogue and respect your opinions, gents. On most things (this included), I don't require agreement to think highly of someone.
That was a lot of words….. we are just bashing Tom…. Stay on the bus
 
We will have to disagree regarding whether or not a spokesperson should have an understanding of what they are selling and who they represent.

Regarding my use of the word disingenuous, I interpreted your comparisons as apples to oranges. In doing so the point I was making was twisted in a very narrow way. There are many unforeseen activities within a corporation which may be beyond the scope of performing due diligence in evaluating the culture and mission of a company.

Reverse mortgages are a known predatory practice and seldom end favorably for the client. I see reverse mortgages in the same light as JG Wentworth buying out annuities and structured settlements from the disabled and elderly. Just because something is legal does not make it moral.

Tom Selleck made an immoral choice and to defend that choice further normalizes immorality.

I agree that reverse mortgages seldom end favorably for the home owner. But unless there is fraud or deception, the terms are available for the borrower to see, and they should look before signing. Many do look at the terms and are happy with them. If it is a known predatory practice, how is Tom Selleck so adept at convincing people otherwise?

I also agree legal and moral are two very different things. Further, I believe morality is a constant and not subject to opinion or the times. And though I do think I know some of it, I know I am not qualified to be the arbiter of morality.


That was a lot of words….. we are just bashing Tom…. Stay on the bus

That is funny!! Okay, if we are bashing Tom, has he done anything since Magnum P.I.? Seriously, has he been in anything else?
 
I agree that reverse mortgages seldom end favorably for the home owner. But unless there is fraud or deception, the terms are available for the borrower to see, and they should look before signing. Many do look at the terms and are happy with them. If it is a known predatory practice, how is Tom Selleck so adept at convincing people otherwise?

I also agree legal and moral are two very different things. Further, I believe morality is a constant and not subject to opinion or the times. And though I do think I know some of it, I know I am not qualified to be the arbiter of morality.




That is funny!! Okay, if we are bashing Tom, has he done anything since Magnum P.I.? Seriously, has he been in anything else?
I think the part you are missing is that the vulnerable can not understand the details and blindly put trust into the spokesperson who they connect with. Yes maybe it is their fault for not understanding but is it right?
 
I think the part you are missing is that the vulnerable can not understand the details and blindly put trust into the spokesperson who they connect with. Yes maybe it is their fault for not understanding but is it right?


I don't think I am missing that. The vulnerable are just that. They lose money at the car dealership. They lose money with contractors. They lose money with therapists. They lose money with lawyers. They lose money with insurance agents. They lose money with auto repair facilities. They lose money with timeshares. They lose money with all kinds of bad investments. They lose money with hospitals and doctors. They lose money everywhere because they are... well... vulnerable. It is a very sad fact of life.

The world is constantly trying to separate us from our money. Unfortunately, at least some level of wisdom and intelligence is required to have money. I am not rich, but I have some investments and I do my best to research. A question that always nags me is if your investment is so great (metals, real estate, stocks, whatever) why do you want my cash for it?
 
Hey @Blueone, Mini Tom Selleck marathon on the Ovation Channel. Quigley Down Under and Mr Baseball.
 

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