User Panel
Posted: 1/18/2021 9:33:10 AM EDT
These people are retarded:
https://fortune.com/2020/12/18/biden-public-credit-agency-economic-justice-personal-finance-racism-credit-scores-equifax-transuion-experian-cfpb/ That’s why consumer advocates are calling for a public credit reporting agency, and why President-elect Joe Biden has adopted a proposal for just that from left-leaning think tank Demos. The proposal suggests building a publicly run credit reporting agency within the Consumer Financial Protection Bureau (CFPB) that would eventually, over the course of seven years, replace the current for-profit credit system in America. The agency would be steered by consumer need rather than the bottom line, according to proposal author Amy Traub. |
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That seems like a great idea, if you believe in Modern Monetary Theory and Marxism.
FJB |
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Time to push interest rates 3 points higher. Then 3 more..........
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The gays and POC instantly get +100 for "equality"
Gun owners get -100 for being a "risk" |
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Awesome!
We could use our new "social" credit score for literally every facet of our day-to-day existence. What could possibly go wrong? |
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Why not just give everyone a score of 800 in the name of equality?
What difference does it make? Loan repayments is zero risk for a bank, if the debtor doesn’t pay just cry to the gov with your hands out and they will have the fed print up some shiny new money for you |
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Let me guess... it will be used as a weapon against anyone the left considers a threat.
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If that occurs there is an even easier way judging credit will end up being done....try to take a wild ass guess...
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Quoted: What could possibly go wrong? View Quote Honestly, not much more than our current system that leaked full information on half of all Americans and had no recognizable punishment, compensation, or reform. The credit system desperately needs to be overhauled. I do not trust Biden's team to do it though. |
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Quoted: These people are retarded: https://fortune.com/2020/12/18/biden-public-credit-agency-economic-justice-personal-finance-racism-credit-scores-equifax-transuion-experian-cfpb/ That’s why consumer advocates are calling for a public credit reporting agency, and why President-elect Joe Biden has adopted a proposal for just that from left-leaning think tank Demos. The proposal suggests building a publicly run credit reporting agency within the Consumer Financial Protection Bureau (CFPB) that would eventually, over the course of seven years, replace the current for-profit credit system in America. The agency would be steered by consumer need rather than the bottom line, according to proposal author Amy Traub. View Quote And another proposal that is motivated by feelings. Instead of holding people accountable, this proposal will look at 'need', race and other factors that don't matter when reviewing someone's credit. Let's call it affirmative action credit reporting bureau. No wait that might be too truthful. Even the dumb masses might figure that out. This is also wealth re-distribution. It is a welfare proposal. I have another idea. Let's find ways to put people to work. Let them build lasting wealth and then be able to make decisions for themselves. How would I do it? Let's bring jobs back to the USA. Does this plan ring a bell? Kinda makes you wonder, why people vote the way they do. |
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More free shit for the most unproductive sectors of our society.
Good job democrats and nevertrumpers........way to go!!! |
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That's not going to happen without Uncle Sugar guaranteeing the banks they will get paid for those who go into default.
Imho. That is just talking points to get more votes. |
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Ah, giving out loans to those who can barely afford it, or giving them more than they can actually afford.
I think we saw this before... |
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How does the retard senator from Delaware who was instrumental in creating the laws that saddled Americans with unending credit card debt and unprecedentedly expensive and undismissible Education debt come up with a credit rating system from an episode of the Care Bears?
Who is running things now? |
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Oh, yes, because this could never be abused where your credit store then reflects your compliance with government initiatives and would never be abused like the IRS against conservative voices.
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Wasnt he wanting to "diversify" the suburbs? This would be a key first step to accomplish that when you get to decide who has good credit.
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Part of the Dems plan for a social credit rating for every person. Just like China has.
Once implemented things like getting your covid vaccine or future vaccines, will increase you score. Particapte in SJW activities, your score goes up. Follow other government mandates and your score goes up. Speak out against the government and your score goes down. Buy a gun and your score goes down. This is what the Democrats are working towards. |
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Fucktard isn’t even sworn in yet and I already hate him more than Obummer. Never thought that would be possible.
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I can't think of a single way this could be abused and go bad...
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Yes but he hasn't tweeted one mean or bombastic thing yet. And that's all i care about.
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Quoted: This isn't just about consumer credit. The Democrats are following China's plan of creating a social credit rating and passport for every person. Get your covid vaccine and government determined score goes up. Particapte in SJW activities, your score goes up. Follow other government mandates and your score goes up. Speak out against the government and your score goes down. Buy a gun and your score goes down. This is what the Democrats are working towards. View Quote Only one thing to do. Go for a maximum negative score. Posting on Arfcom alone should be worth -87 points |
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Says here you’re a conservative, sorry we can’t approve you for this loan.
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So prioritize lending for those who can’t pay it back, and tax the snot out of those who are credit worthy. Brilliant! What possibly could go wrong?
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Quoted: Part of the Dems plan for a social credit rating for every person. Just like China has. Once implemented things like getting your covid vaccine or future vaccines, will increase you score. Particapte in SJW activities, your score goes up. Follow other government mandates and your score goes up. Speak out against the government and your score goes down. Buy a gun and your score goes down. This is what the Democrats are working towards. View Quote China doesn't increase scores for certain ethnic groups though do they? |
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