Awful idea. Having the government giving you a rating, even just for loans is way too far. Politics shouldn't impact my ability to pay but it certainly will. Look at the games Republicans play to suppress minority voters. You want to give those same people power over your credit scores?
This is just trying to solve a symptom with a deeper problem. The real problem is that our judicial system is absolutely cowardly towards corporation prosecution. If you actually just sent the responsible people to jail or actually bankrupted the worst actors, the situation would improve. This impacts everything from the financial industry to oil & gas to credit to privacy rights on the internet.
All of these companies get away with anything they want because we don't send the execs to jail and we rarely fine them more than the profits they made from doing the bad thing.
This is just trying to solve a symptom with a deeper problem. The real problem is that our judicial system is absolutely cowardly towards corporation prosecution. If you actually just sent the responsible people to jail or actually bankrupted the worst actors, the situation would improve. This impacts everything from the financial industry to oil & gas to credit to privacy rights on the internet.
All of these companies get away with anything they want because we don't send the execs to jail and we rarely fine them more than the profits they made from doing the bad thing.