[Retransmission. Due to periodic problems with lne.com, I started sending my messages to ssz.com a few days ago. Alas, ssz.com has had an outage. Hence these retransmissions. Sorry for any dupes.]
Begin forwarded message: > From: Tim May <[EMAIL PROTECTED]> > Date: Tue Dec 04, 2001 08:56:01 AM US/Pacific > To: [EMAIL PROTECTED] > Subject: Re: Reputation capital > > > 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 > > --Tim May "That government is best which governs not at all." --Henry David Thoreau
