News for hackers. Stuff that matters.

A comment on Former Equifax Manager Charged with Insider Trading. Parent comment

Re:Former Equifax Manager Charged with Insider Trading by ModernMech on Thursday June 28, 2018 @05:13PM (#17420521)
> Until we decide we've had enough of this and pass a real law that holds CRAs liable for the data they collect and store, absolutely nothing will change.

Correct. This is a problem caused by the market. Expecting market forces (a competitor with better offerings) to just fix it isn't productive.

[ Parent | on HN ]
Re:Former Equifax Manager Charged with Insider Trading by conanbatt on Thursday June 28, 2018 @05:20PM (#17420576)
Its not a free market if you cant opt-out of it.
[ Parent | on HN ]
Re:Former Equifax Manager Charged with Insider Trading by jakelazaroff on Thursday June 28, 2018 @05:49PM (#17420769)
A market's degree of freedom and your ability to not participate are orthogonal. There are plenty of markets you cannot pragmatically opt out of, e.g. food and real estate.
[ Parent | on HN ]
Re:Former Equifax Manager Charged with Insider Trading by munk-a on Thursday June 28, 2018 @06:25PM (#17420982)
In the food and real estate market are there three companies that have formed an oligopoly on any transactions within the market?

I don't disagree that some goods are inelastic and still can have robust free markets (see bottled water) but the credit score market is not one of them.

[ Parent | on HN ]
Re:Former Equifax Manager Charged with Insider Trading by conanbatt on Friday June 29, 2018 @11:51AM (#17425193)
I disagree with this interpretation. Nobody can force-feed you, and you have the capacity to make your own food given the extreme. Real estate you can divide in housing and land. Housing is a free market, you can make your own shelter if you wish. You would have a point for land, it is not a free market.
[ Parent | on HN ]