▲ | MichaelZuo 4 days ago | |||||||||||||||||||||||||
How does this relate to the prior comment? | ||||||||||||||||||||||||||
▲ | aspenmayer 4 days ago | parent [-] | |||||||||||||||||||||||||
It seemed like you were saying that those in power have a vested interest in solving this social problem because they have more to lose because they have more skin in the game. They actually have almost no exposure to this failure mode because they have lawyers and accountants. They have entire family office services. They don’t suffer due to identity theft even when it happens. Failure isn’t an option or even a distinct possibility, because losses due to identity theft have already been priced into their exposure to liquid markets, and they’re insured for illiquid assets. It’s not the same for the little people. That was my point. | ||||||||||||||||||||||||||
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