Reputation capital

[Tim May]

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