begin quoting Todd Walton as of Mon, Mar 26, 2007 at 07:05:23PM -0500:
> On 3/26/07, Stewart Stremler <[EMAIL PROTECTED]> wrote:
> >It might be that a slightly corrupted credit report gives your bank the
> >opportunity to charge you a higher interest rate ("'cuz your credit
> >score isn't so good"), which makes your bank MORE money.
>
> It might be that a slightly corrupted credit report means the bank
> missed the opportunity to offer you a lower interest rate, which means
> they lost your business and make less money.
Could be. But since all of the competitors are using the same dataset,
it's now down to a matter of risk management. When you mitigate risk,
you lose a little of the good to eliminate a lot of the bad.
> This is the market. The market work like this. It's in everyone's
> interest that information is as accurate and widespread as available.
> Some would say this is the whole point of a market: to accurately
> identify value where it is, no more no less.
That's the theory, and the basis for most of the libertarian circular
wan^Wreasoning. Reality is something else again, and far messier.
--
Do not confuse your models with the real world. They will break.
Stewart Stremler
--
[email protected]
http://www.kernel-panic.org/cgi-bin/mailman/listinfo/kplug-list
