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> the market has decided Like do you understand what an externality is? When I say it's not huge enough, it's pretty clear that I don't mean Equifax is overval
by arduanika 8y ago
> the market has decided
Like do you understand what an externality is? When I say it's not huge enough, it's pretty clear that I don't mean Equifax is overvalued & people should all go out and short it. The lawmakers and regulators have decided that the externality will have no significant consequences. The market hardly decides anything here; it reacts.
My reading of the reports is that this company was roughly in line with common practices. My point is that common practices must change.
- g051051 8y ago> The lawmakers and regulators have decided that the externality will have no significant consequences. No, they just haven't finished yet. There's already been some new regulation, and I believe more to come, for the credit industry as a whole. > The market hardly decides anything here; it reacts. If Equifax's customers decided that they couldn't safely do business with it, then Equifax would cease to exist. > My reading of the reports is that this company was roughly in line with common practices. My point is that common practices must change. I certainly agree there, wholeheartedly. But you seem to be singling out Equifax, when it's an industry wide problem.