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from the if-god-isn't-real-who-saved-them? dept.
A year after Equifax breach, no enforcement actions:
A new report by congressional investigators details how hackers broke into Equifax last year in a breach that exposed the financial information of more than 145 million Americans.
The lawmakers who requested the report say they will press the Trump administration on the lack of enforcement actions against the giant credit-reporting agency.
Shares of Equifax plunged by about one-third last year after news broke about the massive breach. Since then, the stock has recovered to about $10 below its peak before all the bad news and closed Friday at $135.91 a share. The company has reported a profit of $236 million this year, and second-quarter profit was down just 12 percent from the same period last year despite the breach.
(Score: 1, Informative) by Anonymous Coward on Sunday September 09 2018, @01:32PM (11 children)
This is because our government is filled with people like too many posters here who cannot conceive of the free market being inapplicable in certain situations. The sooner they realize it's not some economic Swiss army knife, the better we'll all be.
(Score: 1, Insightful) by Anonymous Coward on Sunday September 09 2018, @04:46PM (3 children)
This isn't even the free market. These companies are granted their positions, and they collect information about you without permission. Unless you become a hermit, you have little chance of avoiding them. So, free marketeer morons can't even use the "free market" excuse in this case.
(Score: 3, Informative) by Azuma Hazuki on Sunday September 09 2018, @05:34PM (2 children)
But they will anyway; count on it. The word "monomania" describes these people very well.
I am "that girl" your mother warned you about...
(Score: -1, Flamebait) by Anonymous Coward on Monday September 10 2018, @04:37AM (1 child)
> these people
Oh, look, SN's resident bigot showing us all how charming she is.
(Score: 2) by Azuma Hazuki on Monday September 10 2018, @01:43PM
If the shoe fits...
I am "that girl" your mother warned you about...
(Score: 2) by crafoo on Sunday September 09 2018, @07:48PM
Maybe, although at least at the cabinet and senate level, I think they know how the world works and "The Market" is simply a convenient smokescreen story they know enough mouth-breathers will be happy with. This allows them to continue the corruption, looting, and boot-on-throat public policy.
(Score: 4, Informative) by fyngyrz on Sunday September 09 2018, @10:05PM (4 children)
No, this is because people keep electing the rich, who, in turn enact legislation and choose minions in order to further support for the rich.
Of course the laws and the (in)justice system favor the rich. Of course they get away with things the average peon cannot. Of course their businesses are allowed to egregiously slide when they violate this or that rule or statute.
The system can't be fixed as long as the voters insist on actively continuing to break it.
A recent congressional election:
...and there you have it.
The stupid, it burns.
(Score: 1) by khallow on Monday September 10 2018, @01:00PM (3 children)
(Score: 2) by fyngyrz on Wednesday September 19 2018, @09:34PM (2 children)
More and more of their interests are federally based. They're just not seeing it.
Personally, I vote based on both sets of issues. At the moment, the federal ones seem much more in need of attention to me.
Conveniently, however, the votes that are indicated as needful by the two sets of problems turn out to be the same at this point in time.
Sorry for the late answer. I missed this somehow. :/
(Score: 1) by khallow on Thursday September 20 2018, @01:47AM (1 child)
(Score: 2) by fyngyrz on Thursday September 20 2018, @02:22PM
Yep. That's the flaw with the system, all right.
(Score: 0) by Anonymous Coward on Monday September 10 2018, @03:03AM
What in the world does a business like equifax have to do with a free market? And anyway federal reserve, etc... therefore there is no room to apply a free market anyway regarding anything so anyone arguing about this is either malicious or ignorant.