Tuesday, September 16, 2008

Ok, I Take it Back!

If you recall, a couple of days ago I praised the Main Stream Media for publishing a pretty good article on money management. Today I am retracting my praise, because I found this little nugget on the same website and it really chaps my hide.

I have a variety of complaints,but the primary one is the nonsense that we need to keep raising a FICO score. What we need is to start a revolution that considers criteria other than FICO in making certain decisions about people. FICO is simply a record of how we've managed debt. But what if we've been successful and don't need debt? The priorities are all wrong. It's just one side effect of an economy built on credit and debt. Shame, shame, shame.

There are some other subtle errors in the article, but it is the under lying message that I resent. So.... boo, media. Boo, boo, boo.