@oscarjiminy @brianonbarrington @Wolven It could well be that it won't be very soon, agreed. But I still think that path will work sooner than waiting for US financial institutions to spontaneously develop sound thinking about the various risks they take on behalf of all of society.

@oscarjiminy @TorbjornBjorkman @Wolven That’s the big problem with FICO. Back during the Great Financial Crisis there was a reverse correlation between owners surrendering their homes to mortgage holders and FICO. Deep underwater borrowers with high FICOs were more likely to do the financially rational thing and walk away from their houses… not exactly what the predictive model intended. Now there are so many versions that it’s rather a joke.