Interesting, Goldman Sachs bought this off a private equity firm that recently bought (2 years ago) my previous employer.
How Goldman Sachs Made More Than $1B with Credit Scores
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Re: How Goldman Sachs Made More Than $1B with Credit Scores
#12Like, a solution that doesn't involve paying for journalism that you enjoy and find useful?
Personally I wouldn't mind a global $20-25 newspaper subscription where my views are paid to the newspaper like it is done for music with Spotify.
Re: How Goldman Sachs Made More Than $1B with Credit Scores
#13This is the wild west of information rape I guess. Companies buy companies who buy other companies. As an average customer you just don't know who has what interests and where your info is getting used. Even companies that started with noble goals like whatsapp ended up selling out to Facebook troves of private info. The only way I see things change is a holocaust level fuck up because people think they have nothing…
> The only way I see things change is a holocaust level fuck up ...
... that affects lawmakers and/or exposes national security secrets.
I imagine there's a lot of clandestine spending that can be correlated and will eventually bubble up inadvertently.
Re: How Goldman Sachs Made More Than $1B with Credit Scores
#14It's pretty terrifying how much information CreditKarma (TU- and Equifax-backed,) Mint and such have, and what that turns into when it's shared and combined.
True. Recently I logged into Mint for the first time in a few years, and was quite disturbed to realize they had been importing every debit or credit card transaction, and every student loan payment I made. They know my financial health better than my bank does ...
This is why I don't trust cloud services. I track my budget using PearBudget [0], an Excel (or LibreOffice) spreadsheet.
Re: How Goldman Sachs Made More Than $1B with Credit Scores
#15This is the wild west of information rape I guess. Companies buy companies who buy other companies. As an average customer you just don't know who has what interests and where your info is getting used. Even companies that started with noble goals like whatsapp ended up selling out to Facebook troves of private info. The only way I see things change is a holocaust level fuck up because people think they have nothing…
> The only way I see things change is a holocaust level fuck up ... ... that affects lawmakers and/or exposes national security secrets. I imagine there's a lot of clandestine spending that can be correlated and will eventually bubble up inadvertently.
But the Goldmans of the world know better than to mess with it.
Re: How Goldman Sachs Made More Than $1B with Credit Scores
#16Earlier quoted context omitted.
True. Recently I logged into Mint for the first time in a few years, and was quite disturbed to realize they had been importing every debit or credit card transaction, and every student loan payment I made. They know my financial health better than my bank does ...
This is why I don't trust cloud services. I track my budget using PearBudget [0], an Excel (or LibreOffice) spreadsheet. [0] https://pearbudget.com/
It says 4.95 a month so I am guess this is some kind of SaaS?
Re: How Goldman Sachs Made More Than $1B with Credit Scores
#17People are always terrified of the Big Brother from government, but any time I have to verify my identity with questions like "What street of the listed have you lived on?" or "Which of these banks do you have a loan with?" it makes me realize how much aggregated data private (especially financial) companies have. I can imagine these corporations selling that info for good money, like how many transactions you make at a fast food restaurant in a given month to health insurance providers.
Re: How Goldman Sachs Made More Than $1B with Credit Scores
#18This is the wild west of information rape I guess. Companies buy companies who buy other companies. As an average customer you just don't know who has what interests and where your info is getting used. Even companies that started with noble goals like whatsapp ended up selling out to Facebook troves of private info. The only way I see things change is a holocaust level fuck up because people think they have nothing…
> The only way I see things change is a holocaust level fuck up because people think they have nothing to hide.
We already had that one and it does not seem to make much difference.
Re: How Goldman Sachs Made More Than $1B with Credit Scores
#19Earlier quoted context omitted.
True. Recently I logged into Mint for the first time in a few years, and was quite disturbed to realize they had been importing every debit or credit card transaction, and every student loan payment I made. They know my financial health better than my bank does ...
This is why I don't trust cloud services. I track my budget using PearBudget [0], an Excel (or LibreOffice) spreadsheet. [0] https://pearbudget.com/
I have been looking to use GNUCash myself as a replacement for YNAB. Part of my general drive to text based scriptable systems over GUI.
Re: How Goldman Sachs Made More Than $1B with Credit Scores
#20Like, a solution that doesn't involve paying for journalism that you enjoy and find useful?
"Please avoid introducing classic flamewar topics unless you have something genuinely new to say about them."
https://news.ycombinator.com/newsguidelines.html
We detached this subthread from https://news.ycombinator.com/item?id=14075570 and marked it off-topic.