5 ms·

So the younger the effort, the less relevant/useful they are? That's an argument, but not compelling. Pretty much every startup is pointless according to that l

So the younger the effort, the less relevant/useful they are? That's an argument, but not compelling. Pretty much every startup is pointless according to that logic.

slt2021 2y ago
CFPB has no track record of materially improving people's lives Just ask yourself: How other countries manage to survive without the CFPB, and live just fine ?????
- dqv 2y ago
  They do. https://www.reddit.com/r/LifeProTips/comments/18y2hxa/lpt_if_bank_customer_service_is_giving_you_the/ https://www.reddit.com/r/LifeProTips/comments/18y2hxa/lpt_if...
  - slt2021 2y ago
    that specific part, file a complaint and get escalated to company's management: 1. could be automated completely, removing the need for human cost in the process 2. should be created for all other industries as well, not only finance consumers
    - dqv 2y ago
      > 1. could be automated completely, removing the need for human cost in the process Automation fails. A lot. There will always be a need for humans to address at least some of these cases. > 2. should be created for all other industries as well, not only finance consumers Adding to the list of things the government doesn't do (removal of the CFPB without an alternative) doesn't achieve this. The FTC still directs consumers to the CFPB. Might want to call Russ and let him know.
      - slt2021 2y ago
        there is no reason to maintain expensive staff to manually review customer complaints in the age of AI and LLMs. Just fire 90% of these thousands of lawyers with 500k salaries and replace remaining 10% with engineers who will create a system on autopilot. There is really no valid argument against materially improving government efficiency
        Timon3 2y ago
        It's terrifying that people really think LLMs are ready for such important tasks, and even moreso that they're willing to sacrifice the livelihoods of others to do so.
        slt2021 2y ago
        [flagged]
        Timon3 2y ago
        That is of course not all that they do, but you know that.
        technol0gic 2y ago
        they aren't, this person just simply wants them to be. and if you say anything to the contrary about LLMs not being fully baked enough for this undertaking, they will immediately frame it like you're against the entire endeavor. they hate nuance.
- quantified 2y ago
  Huh. Other countries survive just fine. I thought America was to be great, though. CFPB tends to go after those who rip off the less affluent. Not a HN constituency. We got along great for almost 200 years without the DEA and they have a much larger budget. Hasn't materially improved anyone's life, or do you know someone who was better off from their action? Go after them first.
  - slt2021 2y ago
    >>We got along great for almost 200 years without the DEA and they have a much larger budget. Hasn't materially improved anyone's life, or do you know someone who was better off from their action? Go after them first. it is a valid question how DEA was unable to prevent opioid epidemic by Sackler family, and the current fentanyl epidemic, and I'm sure the effectiveness question will be raised. while we are discussing DEA, I wanted to highlight CIA whistleblower Kiriakou's interview ( https://youtu.be/yaoTdbGbU1c?t=187 https://youtu.be/yaoTdbGbU1c?t=187 ) Afghanistan was net food exporter, but shortly after USA occupation, Afghanistan produces 93% of world's heroine, and DoD encouraged opium production because heroine was exported to geopolitical adversaries (Russia and Iran). and DEA even shut down investigation by the CIA. Very big questions are starting to arise

So the younger the effort, the less relevant/useful they are? That's an argument, but not compelling. Pretty much every startup is pointless according to that logic.

slt2021 2y ago

CFPB has no track record of materially improving people's lives Just ask yourself: How other countries manage to survive without the CFPB, and live just fine ?????

dqv 2y ago
They do. https://www.reddit.com/r/LifeProTips/comments/18y2hxa/lpt_if_bank_customer_service_is_giving_you_the/ https://www.reddit.com/r/LifeProTips/comments/18y2hxa/lpt_if...
- slt2021 2y ago
  that specific part, file a complaint and get escalated to company's management: 1. could be automated completely, removing the need for human cost in the process 2. should be created for all other industries as well, not only finance consumers
  - dqv 2y ago
    > 1. could be automated completely, removing the need for human cost in the process Automation fails. A lot. There will always be a need for humans to address at least some of these cases. > 2. should be created for all other industries as well, not only finance consumers Adding to the list of things the government doesn't do (removal of the CFPB without an alternative) doesn't achieve this. The FTC still directs consumers to the CFPB. Might want to call Russ and let him know.
    - slt2021 2y ago
      there is no reason to maintain expensive staff to manually review customer complaints in the age of AI and LLMs. Just fire 90% of these thousands of lawyers with 500k salaries and replace remaining 10% with engineers who will create a system on autopilot. There is really no valid argument against materially improving government efficiency
      - Timon3 2y ago
        It's terrifying that people really think LLMs are ready for such important tasks, and even moreso that they're willing to sacrifice the livelihoods of others to do so.
        slt2021 2y ago
        [flagged]
        Timon3 2y ago
        That is of course not all that they do, but you know that.
        technol0gic 2y ago
        they aren't, this person just simply wants them to be. and if you say anything to the contrary about LLMs not being fully baked enough for this undertaking, they will immediately frame it like you're against the entire endeavor. they hate nuance.
quantified 2y ago
Huh. Other countries survive just fine. I thought America was to be great, though. CFPB tends to go after those who rip off the less affluent. Not a HN constituency. We got along great for almost 200 years without the DEA and they have a much larger budget. Hasn't materially improved anyone's life, or do you know someone who was better off from their action? Go after them first.
- slt2021 2y ago
  >>We got along great for almost 200 years without the DEA and they have a much larger budget. Hasn't materially improved anyone's life, or do you know someone who was better off from their action? Go after them first. it is a valid question how DEA was unable to prevent opioid epidemic by Sackler family, and the current fentanyl epidemic, and I'm sure the effectiveness question will be raised. while we are discussing DEA, I wanted to highlight CIA whistleblower Kiriakou's interview ( https://youtu.be/yaoTdbGbU1c?t=187 https://youtu.be/yaoTdbGbU1c?t=187 ) Afghanistan was net food exporter, but shortly after USA occupation, Afghanistan produces 93% of world's heroine, and DoD encouraged opium production because heroine was exported to geopolitical adversaries (Russia and Iran). and DEA even shut down investigation by the CIA. Very big questions are starting to arise