Reputation capital
Tim May
tcmay at got.net
Tue Dec 4 08:56:01 PST 2001
On Tuesday, December 4, 2001, at 05:28 AM, Marcel Popescu wrote:
> I think all this stuff about reputations is being solved pretty neatly
> by
> the credit bureaus... up to getting scalars on people / companies.
>
> Mark
>
This is naive. Credit bureaus handle only a particular class of
reputations, certain types of credit-worthiness, and then with
well-documented deep flaws:
-- regulation by government
-- "Fair Credit Reporting Act" forbids them from "remembering" certain
classes of defaults and welshings
-- lack of competition (the Three use the same precise standards)
If you are rejoining the discussions after a long absence, you need to
get up to speed.
--Tim May
"The Constitution is a radical document...it is the job of the
government to rein in people's rights." --President William J. Clinton
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