5 ms·

They should be shut down permanently. Full stop. Furthermore, the very existence of these credit agencies should be sincerely alarming to most normal people, a

by mabufo 9y ago

They should be shut down permanently. Full stop. Furthermore, the very existence of these credit agencies should be sincerely alarming to most normal people, and probably already is. These databases should not exist.

dawnerd 9y ago
>These databases should not exist. Especially since consumers have no say in the matter at all.
mgleason_3 9y ago
Agreed. We don’t wait for a bomb to go off before arresting a terrorist. We arrest them for having the bomb. Equifax, TransUnion and the others are clearly bombs waiting to explode. Arrest the bastards and shut them down before they go off!
rotrux 9y ago
> "Full stop." Good luck my friend. If you need me I'll be in the Central African Republic where it's safe.
- rotrux 9y ago
  Oh C'mon!!! -1?! lol Immediate dismantlement of the credit-bureaus outside of a police-state would lead to...for example, pissed off sys-admins who want to sell the last valuable thing they have access to: MOAR consumer information that they already have about you. Additionally, personal-lending would either cease for a period (and break the economy,) or they'd come up with a new way to judge our ability to re-pay & it would undoubtedly be bad/reactionary, & we'd have an version of 2008. There's a natural tendency to want to "BURN IT DOWN!!!" b/c it's bad; I get that, but we haven't done the work to come up with something better & a transition plan. This is how the Arab-Spring turned into MF Admiral Sisi (or whatever) in Egypt, despite good initial intentions. We are completely entrenched in this consumer-lending system whether you like it or not. You need a "what comes after?" plan. I feel like this is common sense????
- rotrux 9y ago
  YOUR HATRED FEEEDS MEE
  - dang 9y ago
    Could you please stop posting unsubstantive comments to Hacker News? https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html

by mabufo 9y ago

dawnerd 9y ago

>These databases should not exist. Especially since consumers have no say in the matter at all.

mgleason_3 9y ago

Agreed. We don’t wait for a bomb to go off before arresting a terrorist. We arrest them for having the bomb. Equifax, TransUnion and the others are clearly bombs waiting to explode. Arrest the bastards and shut them down before they go off!

rotrux 9y ago

> "Full stop." Good luck my friend. If you need me I'll be in the Central African Republic where it's safe.

rotrux 9y ago
Oh C'mon!!! -1?! lol Immediate dismantlement of the credit-bureaus outside of a police-state would lead to...for example, pissed off sys-admins who want to sell the last valuable thing they have access to: MOAR consumer information that they already have about you. Additionally, personal-lending would either cease for a period (and break the economy,) or they'd come up with a new way to judge our ability to re-pay & it would undoubtedly be bad/reactionary, & we'd have an version of 2008. There's a natural tendency to want to "BURN IT DOWN!!!" b/c it's bad; I get that, but we haven't done the work to come up with something better & a transition plan. This is how the Arab-Spring turned into MF Admiral Sisi (or whatever) in Egypt, despite good initial intentions. We are completely entrenched in this consumer-lending system whether you like it or not. You need a "what comes after?" plan. I feel like this is common sense????
rotrux 9y ago
YOUR HATRED FEEEDS MEE
- dang 9y ago
  Could you please stop posting unsubstantive comments to Hacker News? https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html