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> How does that translate to student loans? Imagine a world where natural people could get a new alt identity (SSN and name) on demand and transfer some assets
by sangnoir 4y ago
> How does that translate to student loans?
Imagine a world where natural people could get a new alt identity (SSN and name) on demand and transfer some assets/debt to these identifies. I imagine those with student loans they are unwilling/unable to pay off might do transfer the debt to a freshly minted identity and have the doppelganger take the heat while leaving their core identity with a clean credit record and assets (car and house)
- bradleyjg 4y agoIf you had read the case, or even just my comment, you’d see that J&J is not trying to get out of paying. They wrote the “badco” subsidiary a $60+ billion funding guarantee. That was the maximum liability of “oldco.” This analogy is just terrible. I get people want to go to fancy private schools and then not pay, but that’s no reason to shit up entirely unrelated threads.
- jstarfish 4y agoYou've just described synthetic identity fraud.