EQ myFICO 587 Starter Goal 620
my-own-fico wrote:You have to wonder if one regulated public non-profit agency wouldn't be better than several unpredictable private for-profit agencies.
I'd give it a 7% chance of being successful within a decade, and maybe 19% of being successful within two decades of the project start. That's after tremendous cost overruns too; infrastructure historically is just not something the government does well and it's likely to get worse before it gets better as well. Forking over a bunch of tax dollars to Deloitte, Ernst, Accenture et al for yet another suboptimal system, pass.
Open market almost always does better: I'd rather have the banks and CRA's competing to get it right rather than take it out of their hands. It's not ideal now, but I just don't think the government would get it right either. Lessons learned private sector takes eons to be learned in the public one.
Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)Current Score: EQ 660, Wally TU 697, EX unknown (05/13/13)
Goal Score: 680 in all three (01/01/14)
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