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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.
Link Posted: 1/18/2021 9:35:36 AM EDT
[#1]
FJB
Link Posted: 1/18/2021 9:36:26 AM EDT
[#2]
That seems like a great idea, if you believe in Modern Monetary Theory and Marxism.

FJB
Link Posted: 1/18/2021 9:37:12 AM EDT
[#3]
Time to push interest rates 3 points higher. Then 3 more..........

Link Posted: 1/18/2021 9:37:38 AM EDT
[#4]
For the greater good
Link Posted: 1/18/2021 9:38:34 AM EDT
[#5]
The gays and POC instantly get +100 for "equality"

Gun owners get -100 for being a "risk"
Link Posted: 1/18/2021 9:38:57 AM EDT
[#6]
When the money is free, it’s worthless
Link Posted: 1/18/2021 9:39:40 AM EDT
[#7]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
FJB
View Quote

Link Posted: 1/18/2021 9:39:56 AM EDT
[#8]
Full on communism.

It's coming.
Link Posted: 1/18/2021 9:40:01 AM EDT
[#9]
Awesome!

We could use our new "social" credit score for literally every facet of our day-to-day existence.

What could possibly go wrong?
Link Posted: 1/18/2021 9:41:22 AM EDT
[#10]
What could possibly go wrong?


Link Posted: 1/18/2021 9:42:40 AM EDT
[#11]
FJB
Link Posted: 1/18/2021 9:43:01 AM EDT
[#12]
Another thing for .gov to fuck up.
Link Posted: 1/18/2021 9:43:43 AM EDT
[#13]
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
Link Posted: 1/18/2021 9:43:52 AM EDT
[#14]
isn't this what china does?
Link Posted: 1/18/2021 9:44:45 AM EDT
[#15]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Awesome!

We could use our new "social" credit score for literally every facet of our day-to-day existence.

What could possibly go wrong?
View Quote



It will all be scrubbed and deemed racist when it eventually is linked to criminal records.
Link Posted: 1/18/2021 9:45:14 AM EDT
[#16]
Let me guess...  it will be used as a weapon against anyone the left considers a threat.
Link Posted: 1/18/2021 9:45:46 AM EDT
[#17]
If that occurs there is an even easier way judging credit will end up being done....try to take a wild ass guess...
Link Posted: 1/18/2021 9:45:46 AM EDT
[#18]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
isn't this what china does?
View Quote


Basically.
Link Posted: 1/18/2021 9:46:14 AM EDT
[#19]
Chinese social credit score incoming
Link Posted: 1/18/2021 9:46:16 AM EDT
[#20]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
The gays and POC instantly get +100 for "equality"

Gun owners get -100 for being a "risk"
View Quote


Registered democrats will not be allowed to have below 700
Registered republicans will not be allowed to have above 525.
Link Posted: 1/18/2021 9:46:35 AM EDT
[#21]
Discussion ForumsJump to Quoted PostQuote History
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.
Link Posted: 1/18/2021 9:46:53 AM EDT
[#22]
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.
Link Posted: 1/18/2021 9:49:23 AM EDT
[#23]
The World has gone full retard.
Link Posted: 1/18/2021 9:50:16 AM EDT
[#24]
More free shit for the most unproductive sectors of our society.

Good job democrats and nevertrumpers........way to go!!!
Link Posted: 1/18/2021 9:50:59 AM EDT
[#25]
See my avatar for where this is going...
Attachment Attached File

Link Posted: 1/18/2021 9:50:59 AM EDT
[#26]
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.
Link Posted: 1/18/2021 9:54:23 AM EDT
[#27]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Awesome!

We could use our new "social" credit score for literally every facet of our day-to-day existence.

What could possibly go wrong?
View Quote
And perhaps we can have our new "social credit score" tattooed onto the inside of our left forearm for convenience.
Link Posted: 1/18/2021 9:57:16 AM EDT
[#28]
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...
Link Posted: 1/18/2021 9:57:42 AM EDT
[#29]
We are turning into china
Link Posted: 1/18/2021 9:58:09 AM EDT
[#30]
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?
Link Posted: 1/18/2021 9:58:22 AM EDT
[#31]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Chinese social credit score incoming
View Quote


Biden will have his Chinese friends over to explain the system.
Link Posted: 1/18/2021 9:58:33 AM EDT
[#32]
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.
Link Posted: 1/18/2021 9:58:46 AM EDT
[#33]
If it is FAIR it is the right thing to do.

Link Posted: 1/18/2021 9:58:50 AM EDT
[#34]
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.
Link Posted: 1/18/2021 10:05:23 AM EDT
[#35]
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.
Link Posted: 1/18/2021 10:07:04 AM EDT
[#36]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
The gays and POC instantly get +100 for "equality"

Gun owners get -100 for being a "risk"
View Quote

Link Posted: 1/18/2021 10:08:08 AM EDT
[#37]
Maybe this will be his Waterloo....
Link Posted: 1/18/2021 10:08:47 AM EDT
[#38]
Fucktard isn’t even sworn in yet and I already hate him more than Obummer. Never thought that would be  possible.
Link Posted: 1/18/2021 10:09:10 AM EDT
[#39]
I can't think of a single way this could be abused and go bad...
Link Posted: 1/18/2021 10:09:12 AM EDT
[#40]
Yes but he hasn't tweeted one mean or bombastic thing yet.  And that's all i care about.
Link Posted: 1/18/2021 10:10:02 AM EDT
[#41]
Discussion ForumsJump to Quoted PostQuote History
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
Link Posted: 1/18/2021 10:10:17 AM EDT
[#42]
...your silence is violence
Link Posted: 1/18/2021 10:10:33 AM EDT
[#43]
There was an episode of Black Mirror about this with Bryce Dallas Howard.  

Attachment Attached File
Link Posted: 1/18/2021 10:10:42 AM EDT
[#44]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Awesome!

We could use our new "social" credit score for literally every facet of our day-to-day existence.

What could possibly go wrong?
View Quote

They could call it a Social Credit Score.
Never been done before.
Link Posted: 1/18/2021 10:11:13 AM EDT
[#45]
Says here you’re a conservative, sorry we can’t approve you for this loan.
Link Posted: 1/18/2021 10:11:23 AM EDT
[#46]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
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...
View Quote

Well those are the people who committed rampant fraud for him and helped put the idiot into office.
Link Posted: 1/18/2021 10:11:27 AM EDT
[#47]
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?
Link Posted: 1/18/2021 10:11:38 AM EDT
[#48]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
We are turning into china
View Quote

Worse.
Link Posted: 1/18/2021 10:12:28 AM EDT
[#49]
Discussion ForumsJump to Quoted PostQuote History
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?
Link Posted: 1/18/2021 10:15:24 AM EDT
[#50]
Discussion ForumsJump to Quoted PostQuote History
Quoted:

China doesn't increase scores for certain ethnic groups though do they?
View Quote

china is busy getting rid of different ethnic groups.  Tibet and Uighur anyone??
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