Monday, September 19, 2005
Dvorak Uncensored - Banks Aid In Creating Fraud:
Why go to all the trouble of stealing someone’s identy when banks make it easy to simply make one up? Shouldn’t they be held accountable for the use of that identity to defraud? Perhaps if a bank is held as a codefendent in a fraud case, this might stop. But punishment would have to include jail time because you know a fine will just be termed a cost of doing business and passed on to customers.
Why go to all the trouble of stealing someone’s identy when banks make it easy to simply make one up? Shouldn’t they be held accountable for the use of that identity to defraud? Perhaps if a bank is held as a codefendent in a fraud case, this might stop. But punishment would have to include jail time because you know a fine will just be termed a cost of doing business and passed on to customers.
