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(just speaking for the sake of argument)
1). Almost every known business has to have open policy/disclosure/etc for non-discriminatory and other reasons. They can't just pick and choose who gets what, but these reporting institutions are apparently exempt from that.
2). In expansion of this, the USD is backed and protected by the U.S. government by laws. It is a public function of exchange, and subject to open government.
No?
If it is private (as are the Central Bankers), then everyone should be able to print their own USDs.
3). There are flaws.
-The system uses 10% for credit application, so if a group of businesses(or one) run credit apps on an individual they can negatively affect a person's financial record. This makes it very easy for outside businesses to economically slander a person, which would affect insurance rates, etc, etc...
-So merely applying for something makes it harder to get? That doesn't make sense. What kind of mental game is being played?
-Having many existing revolving accounts should be cause for concern. But it is not. The potential for the customer(individual or exempt business members) to over-borrow and over-spend is encouraged by this system. The structure is geared to encourage debt.
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