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February 16, 2005

Kevin Drum Stars in "The Nanny State Chronicles"

He writes:

The Washington Monthly: THE NANNY STATE CHRONICLES....ChoicePoint, a credit reporting company, said yesterday that hackers had infiltrated its database and stolen personal information about thousands of consumers. California customers were urged to check their credit reports for suspicious activity. Why only California customers? Because no one else is being told:

A ChoicePoint spokesman said the number of victims nationwide could total 100,000, but the company could not be sure of the extent of the fraud and had no plans to contact people outside California.

There are about 65,000 of you elsewhere in the country who are at high risk of identify theft but don't have a clue. Your state laws don't require ChoicePoint to notify you, so they're not going to.

Remember this the next time some corporate lobbying group whines about excessive regulation. If you don't regulate them, they won't act like nice guys all on their own.

Posted by DeLong at February 16, 2005 09:43 AM