If your friend is the Patrick Kelly who contributed the comment quoted below at http://www.cringely.com/2015/04/15/where-the-money-is-or-was/ http://www.cringel

If your friend is the Patrick Kelly who contributed the comment quoted below at http://www.cringely.com/2015/04/15/where-the-money-is-or-was/ http://www.cringely.com/2015/04/15/where-the-money-is-or-was... , his words should get more circulation """ “Identity theft” is a lie. There is no such thing as “identity theft”, it’s all fraud. The term “identity theft” was created to put the burden back on the consumer, away from financial institutions. The actual problem is that the cost of actually verifying identity is higher than financial institutions want to bear. Most of the cost would be in missed loan opportunities. Financial institutions don’t want to bear the cost of verifying identity so they experience fraud (surprise!) and then tell us that somehow we have to protect our identity. It’s insane. If it was legally required that you appear in a bank with an ID to get a loan or a credit card, imagine what would happen to “identity theft”. There’s nothing wrong with filing electronically, but how about having people come to the post office, with ID and a thumb drive, show ID and sign a log, then file from there? """