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Originally Posted by RayVega
That sounds great and I agree with you on some points but if you started to impose punitive damages for situations like this the system would collapse around us. ultimately there are human being behind every mistake, and we do make errors...a lot of them. All punitive damages like that would do is drive up prices and cause corporatons to spend so much money in safety protocols that the red tape would slow our progress to a crawl.
It's crazy and ridiculous that this type of shit happens, but ultimately people do have flaws and it will continue. punishment where damages are experienced is one thing. but purely punitive damages on the scale spoken about here, I think would be ultimately too costly to us the consumer in the end.
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We pay for it anyway. Imagine how much we pay when a crook gets ahold of this info and buys two gazillion laptops and piles of high end electronics and sells the crap on eBay. The chargebacks come, the merchant gets screwed and we all pay for it in the end. Surely everyone in this industry knows of the cost of credit card fraud. At least under my proposed system such occurances would be much less frequent and companies would have an incentive to not allow this to happen. Here, the only cost Chase is going to bear for this mishap is what they paid thier press release writer to smooth this over and the costs of a credit monitoring service (which they probably own anyway, so no real cost there).
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Originally Posted by stickyfingerz
Hmm you are anti goverment but want more restrictive laws....... Makes sense.  |
You confuse being anti-government with being against an illegal government and for sensible government.