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There is no purpose for the United States regulatory apparatus if no action is taken against Equifax. None.
by tomasien 9y ago
There is no purpose for the United States regulatory apparatus if no action is taken against Equifax. None.
- peterwwillis 9y agoThe purpose is the illusion of responsibility. If politicians didn't even attempt to pretend they were trying to fix things, people might actually get upset - or even worse, actively interested in fixing the credit system, or government.
- justin66 9y agoYou might want to think that one through a little more closely, keeping in mind who is running the executive branch right now. They want you to think there is no purpose for the regulatory apparatus, and they are attempting to take no action against Equifax. It would certainly be useful to them if you took their inaction as proof that the regulatory apparatus has no purpose.
- tomasien 9y agoAbsolutely agree. I think my statement makes implies I believe the regulatory apparatus COULD have utility, but in any state where they can't prosecute Equifax it does not.