Earlier quoted context omitted.
You did give them explicit permission by participating in the modern financial system. That's why I keep saying all the hypothetical privacy concerns with Facebook's Libra already are reality with the current financial system. Equifax also didn't get fined because of what they were doing, but because they were negligent in handling the data. Having said that, given the importance of consumer debt in the US economy, c…
You say that as if it already happening makes it okay. Libra is getting hounded because the flaws are visible, frankly because people are suspicious of Facebook now. But the credit agencies doing similar things that we consider unethical, but operating in the background and hidden, doesn't make it right. I remember my mother telling me as a child "just because someone else does something doesn't mean you should." I'm…
I'm not saying "it's okay". It is what it is. I'm saying we're applying a double standard. It's like complaining about lighting a match in the middle of a wildfire.
> Because if the FTC cracks down on them then it sets a precedent to crack down on the credit agencies.
That makes no sense me. They can crack down on Libra for any number of reasons. They're clearly okay with what the credit bureaus are doing right now, why wait for Facebook to come along and do the same?