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DHH Calls Apple Credit Card Sexist

8 points by amrrs 7y ago

amrrs 7y ago
Thread - https://threadreaderapp.com/thread/1192540900393705474.html https://threadreaderapp.com/thread/1192540900393705474.html
dylanhassinger 7y ago
kinda funny seeing a tech bro melt like a snowflake its not that crazy that DHH has a better credit rating than his wife. he is internationally known entepreneur who runs a multi million dollar company
mikece 7y ago
What's is DHH's credit score versus his wife? My wife and I file joint returns, she's a stay-at-home mom with no non-joint credit accounts, and has a different (higher!) credit score than me. I'm willing to wager that credit scores have a lot to do with this, especially credit score plus personal debt (I'm just assuming DHH's wife might still have some college loans?) plus percentage of credit utilization. There are a TON of factors that go into computing what one's credit limit should be but whether you're genetically an XX or an XY isn't part of it.
- amrrs 7y ago
  Here's Woz talking about the same : https://mobile.twitter.com/stevewoz/status/1193424787248279552 https://mobile.twitter.com/stevewoz/status/11934247872482795...
Amicius 7y ago
Yo DHH: it might be an Apple credit card, but it's The Squid (Goldman Sachs) who are running the actual banking side of the house. If anyone is limiting your wife's credit line "because she's a woman" it would be The Squid's bankers, not Apple.
- celliopia 7y ago
  Yo Amicus: it's "Vampire Squid" not just "The Squid" https://www.barrypopik.com/index.php/new_york_city/entry/vampire_squid_goldman_sachs_nickname https://www.barrypopik.com/index.php/new_york_city/entry/vam...
stanfordkid 7y ago
Probably a byproduct of outdated historical models that were built on the (historically true) assumption that the man handles and creates the household finances. actual reality is if his wife ran up a $30 million credit bill he’d be pissed as hell and try to fight the credit card company. this is what the algorithm is trying to model, and what likely happens in real world middle class families in the past. The distortions become increasingly transparent and absurd as the wealth increases. Obviously someone like DHH or Woz would not care if his wife racked up a $50k credit card bill and is pissed the algorithm will not provide such a limit. The modeling totally breaks down at super high net worths. I actually completely agree that the algorithm is sexist. But algorithms provide a sort of perfect lens into real human biases and social structure. Algorithms trained to fit to a historically unjust society will continue to reinforce injustice. Happy he is bringing up the issue, important to blame the risk modelers but should also be blaming society and legislation itself.

8 points by amrrs 7y ago

Thread - https://threadreaderapp.com/thread/1192540900393705474.html https://threadreaderapp.com/thread/1192540900393705474.html

dylanhassinger 7y ago

kinda funny seeing a tech bro melt like a snowflake its not that crazy that DHH has a better credit rating than his wife. he is internationally known entepreneur who runs a multi million dollar company

mikece 7y ago

What's is DHH's credit score versus his wife? My wife and I file joint returns, she's a stay-at-home mom with no non-joint credit accounts, and has a different (higher!) credit score than me. I'm willing to wager that credit scores have a lot to do with this, especially credit score plus personal debt (I'm just assuming DHH's wife might still have some college loans?) plus percentage of credit utilization. There are a TON of factors that go into computing what one's credit limit should be but whether you're genetically an XX or an XY isn't part of it.

amrrs 7y ago
Here's Woz talking about the same : https://mobile.twitter.com/stevewoz/status/1193424787248279552 https://mobile.twitter.com/stevewoz/status/11934247872482795...

Amicius 7y ago

Yo DHH: it might be an Apple credit card, but it's The Squid (Goldman Sachs) who are running the actual banking side of the house. If anyone is limiting your wife's credit line "because she's a woman" it would be The Squid's bankers, not Apple.

celliopia 7y ago
Yo Amicus: it's "Vampire Squid" not just "The Squid" https://www.barrypopik.com/index.php/new_york_city/entry/vampire_squid_goldman_sachs_nickname https://www.barrypopik.com/index.php/new_york_city/entry/vam...

stanfordkid 7y ago

Probably a byproduct of outdated historical models that were built on the (historically true) assumption that the man handles and creates the household finances. actual reality is if his wife ran up a $30 million credit bill he’d be pissed as hell and try to fight the credit card company. this is what the algorithm is trying to model, and what likely happens in real world middle class families in the past. The distortions become increasingly transparent and absurd as the wealth increases. Obviously someone like DHH or Woz would not care if his wife racked up a $50k credit card bill and is pissed the algorithm will not provide such a limit. The modeling totally breaks down at super high net worths. I actually completely agree that the algorithm is sexist. But algorithms provide a sort of perfect lens into real human biases and social structure. Algorithms trained to fit to a historically unjust society will continue to reinforce injustice. Happy he is bringing up the issue, important to blame the risk modelers but should also be blaming society and legislation itself.