I don't know about your anecdote, but Mr. May's original point was that the law *requires* companies to forget. Which is of course an illegitimate intrusion of the state into private affairs.
Well, this is not well understood by those outside the credit world.
What the law actually states is (basically) a defaulted loan must be forgiven after seven years. In other words, it is illegal to continue to attempt to collect on a loan, 7 years after the default.
However, it is perfectly legal to remember that an individual failed to pay back a loan. In practice, this means that a large brand-name Credit Card company can choose not to send an offer to someone that defaulted 10 years ago. Of course, they can't dunn that person anymore, but they don't have to offer a card. I know without any doubt that there is at least one that does this, and it's not like the Feds wouldn't notice!
And the responsibles need killing.
Well, in a lot of cases I agreed with May's sentiment, even if I'm not entirely sure this would do much. However, as for putting the Jews and blacks up chimneys, well add to that what appears to be an almost State Corporatism stance, and there's a discernable vector there...look up "Boehrman Flight Capital Organization" and I'm still not convinced the resemblance is coincidental.
But those are side issues. At least, aside from the technical content, I still view May's harshest rantings as a sort of Fredom of Speech acid test...if one would try to forcibly or legally shut him down, then one probably "needs killing".
-TD
From: "Major Variola (ret)" <[EMAIL PROTECTED]> To: "[EMAIL PROTECTED]" <[EMAIL PROTECTED]> Subject: RE: Gmail as Blacknet (legally required forgetting) Date: Fri, 09 Apr 2004 20:35:47 -0700
At 05:16 PM 4/9/04 -0400, Tyler Durden wrote: >(As an aside, although debt has to be -forgiven- after 7 years, contrary to >popular belief it is not true that a debt has to be -forgotten-...I know of >one credit major card company that will not accept 'new' cardmembers that >didn't pay back what they owed, even if that's 15 years ago. That's actually >perfectly legal.)
I don't know about your anecdote, but Mr. May's original point was that the law *requires* companies to forget. Which is of course an illegitimate intrusion of the state into private affairs.
And the responsibles need killing.
Ahhh, that feels better.
----- "When I was your age we didn't have Tim May! We had to be paranoid on our own! And we were grateful!" --Alan Olsen
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