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Perhaps if it were a national system that is centrally-controlled and disbursed end-to-end, fraud could be rampant; but if it were placed in a credit union-type
by muhfuhkuh 15y ago
Perhaps if it were a national system that is centrally-controlled and disbursed end-to-end, fraud could be rampant; but if it were placed in a credit union-type "trusts" managed by each participating states, it would cut down alot more on the inherent single-point-of-fraud scenarios you envision, or at the very least contain it to the few fraudulent areas.
- eru 15y agoJust stick to the simplified health care, and leave out the credit idea.
- misterbee 15y agoIn 5 years all of those trusts will have merged into Small Business Loans of America Corporation, and all the loans will be sold on the derivatives market within a month of origination, and an army of loan brokers will individual figure out how to massage the paperwork originate a bogus loan and collect a commission. We've done this already. At best, we might have the benefit of the fraud benefiting a million individuals, like in the housing bubble, instead of a handful, like in the S&L days.