> The re-framing by financial institutions of them being defrauded as "identity theft" and pushing this responsibility onto their customers. as with so many ot

> The re-framing by financial institutions of them being defrauded as "identity theft" and pushing this responsibility onto their customers. as with so many other things, elite impunity is the fundamental problem. for the banks to be putting their own failures of due diligence on consumers’ heads is as an outrage and an absurdity. it shouldn’t even be possible. if they screw up, they should face the consequences of their incompetence. but they don’t. after the Equifax breach, the CEO retired with $90M. $90M for presiding over a corporation whose entire business model is an exemption from defamation law, screwing it up, blaming someone else down the line, and exposing millions to so-called “identity theft” —- in other words, millions of people now have an uncompensated permanent commitment to doing due diligence for countless banks, car dealerships, and even Walmarts throughout the country. > collectively not treating it seriously and essentially letting it happen the modus operandi for the whole problem space