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The Gist

Credit Where Credit Is Due

The Gist

Peach Fish Productions

News, Daily News

4.53.7K Ratings

🗓️ 20 September 2017

⏱️ 23 minutes

🧾️ Download transcript

Summary

This much we know: The Equifax data breach is bad. How can the credit bureaus, who have been described as the "plumbing" of our financial system, show so little regard for the people whose data they collect? New York Times columnist Gretchen Morgenson says it's simple: We are not their customers, we are their product. Morgenson writes the Fair Game column. Her most recent book is Reckless Endangerment: How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon.  In the Spiel, the Jimmy Kimmel test.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

The following podcast contains explicit language.

0:07.4

The twins day, September 20, 2017, from slate to it's the GIST-DIMIC PASCA.

0:12.2

I know it is hard to avoid huge news about hurricanes or Russia investigations or secretaries

0:19.2

of health and human services taking $60,000 worth of private jets.

0:23.2

Yeah, that happened.

0:24.2

Did you notice?

0:25.2

That's the Trump difference.

0:26.2

Look, I'll call him Rocketman.

0:28.4

It won't change the dynamic in North Korea, but it'll give you cover, Tom.

0:33.0

So hurricanes and the Caribbean draw our eyes, our heart, Puerto Rico hit hard today.

0:38.2

The latest hurricane, death tolls Harvey 80 in the United States, Irma above 40.

0:44.4

But while we're looking at that, and I'm not saying it's wrong to look at that and to worry about that,

0:49.0

know this.

0:49.9

Remember this?

0:51.2

There was a mudslide last month in Sierra Leone.

0:54.5

Perhaps you vaguely remember that the death toll there, according to the BBC,

0:58.5

the mudslides subsequent flooding, 1300 people.

1:02.4

Now, my point isn't to guilt us into looking at that tragedy versus this tragedy and to have a tragedy off.

1:08.3

My point is that hurricanes, Mexican earthquakes, mudslides,

1:12.3

there's one thing that could help or limit them all.

1:15.2

It's not preventative, but there's one condition that could limit widespread death and that thing is wealth.

1:22.3

The wealthier countries have better construction codes.

...

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