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Thankyou. Yep, anyone selling shares that WEREN'T planned in advance (as some are if you're high up in the company) are going to be facing insider trading charges.
The civil suit and fines are going to be massive, probably will take the company down.
Much as I'm loathe to rely on the government to solve problems, this is a situation where I think people need to be jailed for several reasons. First, there was obviously insider trading going on. Supposedly the guys who sold the stocks didn't know about the intrusion until after they sold it. If anyone believes that then they are imbeciles.
Second, most of us do not have any other choice but to be "customers" of these A-hole credit bureaus. I never signed up for experian, Equifax or TransUnion. But they have all my information regardless. It's a giant scam. Given that we don't have a choice but to associate with these cretins, the penalties when they mess up should be brutal.
This doesn't even take into consideration how unethical our credit system is to begin with. So you're very responsible and wise with your money and have no debt? Guess what, you are going to be punished and have a worse score than some jackass that spends irresponsibly. Just the governments way of making sure we don't save too much and are constantly spending.
Huh? I haven't had debt in almost a decade and I have a massive credit score.
I think that you might be missing something somewhere as to the real issue.
Much as I'm loathe to rely on the government to solve problems, this is a situation where I think people need to be jailed for several reasons. First, there was obviously insider trading going on. Supposedly the guys who sold the stocks didn't know about the intrusion until after they sold it. If anyone believes that then they are imbeciles.
Second, most of us do not have any other choice but to be "customers" of these A-hole credit bureaus. I never signed up for experian, Equifax or TransUnion. But they have all my information regardless. It's a giant scam. Given that we don't have a choice but to associate with these cretins, the penalties when they mess up should be brutal.
This doesn't even take into consideration how unethical our credit system is to begin with. So you're very responsible and wise with your money and have no debt? Guess what, you are going to be punished and have a worse score than some jackass that spends irresponsibly. Just the governments way of making sure we don't save too much and are constantly spending.
Um - credit bureaus are private businesses. The only role government could have in this case is to rein in the credit bureaus. Which I devoutly hope they will do.
So why has our credit been handled by these 3 private credit unions since the test of time? I never understood it in the past and still don't. Shouldn't this be something the government handled? Anything that a creditor says will go through them. We have a chance to dispute any issue, but still. I called my bank today and they just only said that i have to monitor my bank account.
I hope these CEOs get their asses beaten in public.
Flat out, I believe the campaign for healthy credit is a marketing strategy perpetuated by the credit bureaus and banks. Healthy credit is the false aim, yet debt is the result. But here’s the crazy part: I don’t blame the credit bureaus or banks for our willingness to along with their marketing genius.
The credit bureaus (Equifax, Experian, and TransUnion), you know, the ones that you thought were some sort of governmental agency, are for-profit companies. To be frank, bureau is a pretty good term to use when you want someone to think you are part of the government or some sort of quasi-governmental agency. But alas, they are a for-profit company with shareholders.
[..]
...the for-profit credit bureaus must remain very important to consumers. They need to market and sell credit monitoring and identity theft protect, as well as arbitrary scores to consumers. We obsess over our credit scores. We wear them like a medal of honor, proud of our ability to climb a fictitious number scale.
So why has our credit been handled by these 3 private credit unions since the test of time? I never understood it in the past and still don't. Shouldn't this be something the government handled? Anything that a creditor says will go through them. We have a chance to dispute any issue, but still. I called my bank today and they just only said that i have to monitor my bank account.
No time like the present to learn. I don't think government should do the credit reporting, but I sure as hell think that government needs to hold credit reporters to stricter standards. And that goes for debt collectors too.
So why has our credit been handled by these 3 private credit unions since the test of time? I never understood it in the past and still don't. Shouldn't this be something the government handled? Anything that a creditor says will go through them. We have a chance to dispute any issue, but still. I called my bank today and they just only said that i have to monitor my bank account.
I hope these CEOs get their asses beaten in public.
The biggest issue is that we lack a "right to privacy" in our laws.. It's perfectly legal for businesses to collect & sell your personal information. They "own" whatever data they collect - it's not your property, it's theirs. The government uses that distinction to use your own data against you, so there's no incentive to change things.
Until we have a "right to privacy", the beatings will continue, and get worse.
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