Link Squashed: "Private sector solutions" and regulating credit-reporting agencies


Then we have the whole “identity theft” problem. Go to a credit reporting agency’s website. It’s plastered with promises to protect you from identity theft for a small extra fee. (“For a mere $9.99 a month we will help you determine whether the information we sell people about you is accurate. You can pay us to protect you from us.”)

Much like healthcare, it makes no sense to me that this is a private, for-profit business.