5 ms·
So? Why shouldn't someone be able to use public information to publish their own ratings of your credit worthiness? Nobody has to trust the popular credit rati
by dreamdu5t 13y ago
So? Why shouldn't someone be able to use public information to publish their own ratings of your credit worthiness?
Nobody has to trust the popular credit rating agencies, and people are free to make their own ratings/certifications or start their own companies that do so (unless the government prevents that... which if so, is a problem with government not the rating agencies.)
- hannibal5 13y agoThis is not question of credit ratingt agencies getting wrong results. They use these systems because they work. Big number of false positives is just collateral damage. Maximizing expected value is what banks and insurance companies want. It's like poker, you don't play to win every hand, you play to get more money.
- nitrogen 13y agoNobody really wanted their entire social network to be public; Facebook kind of removed the option. Even those who think they have nothing to hide don't want this.