Does Congress Really Want to End Credit Scores?

If the government takes control, every elected official will MYSTERIOUSLY get a perfect credit score.

i mostly agree with you. but "slippery slope" arguments are mostly weak sauce. we dont need to fear slippery slops stuff is bad now! 12 states still allow marital rape in some cases. i know this is about that, but my point is we dont need to guess about what might happen we can look at what *IS*.

I also disagree with the argument that government run = bad. most tap water is government run and where the voters demand it water in america tends to be safe and drinkable. but thats not always the case. see flint.; efforts by some government officials to sabotage the post office not withstanding, the post office in america is very popular and works extremely well. with a little investment it could easily become the best in the world. likewise most stores in america are privately run and you can expect a generally not dangerous or poor experience with no haggling, price inflation at the counter and other things that are common in other parts of the world.

My point is that private industry does some things better and public government does somethings.

In this case i dont know, i can see there being a need for competition as there is no incentive right now for private credit reporting agencies to respect consumers or their date as we are not the customer (notice there was no massive hack of the credit reporting agencies releasing the info of those paying for our reports). however I can see how this might be too much info for the feds to have. my concern is how will consumer data be protected and what can be done to protect our data and privacy from the feds and hackers.

Thanks for reading these and I smashed the like button 👍. If I am hiring an in house book keeper or accountant, I will get their credit report. Stupid to prevent that, because I won’t hire anyone for those positions if I can’t see that report. I think it’s pretty clear you’ve never had to hire an accountant or bookkeeper before if you support this.

Thanks a lot for the summary version!

Very informative! This is one of the premier channels to tech you financial health and wealth, no frills and its very transparent. Thank you for doing this my guy!!!

FiCO has no business in the employment, or/and car insurance business. Don’t agree with you with private companies running everything. Most hospitals are private. Look much they rip off the American consumers, and the people they’re supposed to care for. Don’t get me started on the pharmaceuticals

I wish they could remove the effect hard inquiries have on credit decisions

They need to get rid of cs for insurance rates.
I don't see how your cs effects on how safe you drive.

When you're employer does a background check on you and one they check you're credit score is one of the signs of discipline along with the other things they check about you

The merchants are mad, oy vey

I don’t think the idea of a government ran credit score is too bad. Certainly not “socialist dictator” or whatever, I think that’s a little dramatic. Public option/ services are a great way to keep the private sector in check by offering true competition rather than 3 private companies “competing”, that’s more of an oligarchy.

LHR is the worst airport in the world

sounds like the beginnings of a social credit system, hello china.

Woah. Legislation that's actually mostly good? Am I in the Twilight Zone or something?

Wow you read them all. I can guarantee that’s more than our politicians🤦🏽‍♀️

Maxine Waters aka Auntie Max is bat loon crazy

Thanks for the vid. Love your politics. Take care.