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Identify any fallacies in the following passage either by naming them or, where they seem not to conform to any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoning is irrelevant to the point at issue.
This river has been changing its course every couple of years for the past few thousand years. Now they've decided that the banks need to be stabilized. Who does the Army Corps of Engineers think it is to come in here and decide they know something Mother Nature doesn't?
Truth-In-Lending Act
is a federal law designed to protect consumers in their dealings with lenders and creditors by requiring clear disclosure of key terms of the lending arrangement and all costs.
Loan Between Two Consumers
A financial agreement in which one consumer lends money to another consumer without the involvement of traditional financial institutions.
Extending Credit
The practice of allowing a buyer to purchase goods or services now and pay for them later.
Federal Food, Drug, And Cosmetic Act
A set of laws enacted in the United States to ensure the safety and efficacy of food, drugs, cosmetics, and medical devices.
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