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[-] dantheclamman@lemmy.world 33 points 2 years ago

If I just broke contracts left and right, my credit rating would be ruined and I'd struggle to get any more financing. Yet this guy continues to leave a longer trail of financial wreckage behind him with few consequences. Our financial system is broken

[-] maynarkh@feddit.nl 19 points 2 years ago

The ~~social~~ credit rating system is just for poor Americans. Most people in the world don't have a credit rating, and neither do rich Americans or big companies.

[-] SomeGuyNamedPaul@beehaw.org 1 points 2 years ago

Big companies and even countries very much so have credit ratings. That's what bond ratings are.

this post was submitted on 14 Jun 2023
239 points (100.0% liked)

Technology

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