>The sheer amount of fraud causes a contraction in the availability of credit with impact on the scale of the credit crunch of 08
You had me until this. You're basically describing a world where anyone can impersonate anyone else, and you think this would only cause a financial impact "on the scale of 08"?
You had me until this. You're basically describing a world where anyone can impersonate anyone else, and you think this would only cause a financial impact "on the scale of 08"?