funsec mailing list archives

Re: Stratfor is Online


From: Jeffrey Walton <noloader () gmail com>
Date: Mon, 16 Jan 2012 13:21:42 -0500

On Mon, Jan 16, 2012 at 12:29 PM,  <Valdis.Kletnieks () vt edu> wrote:
On Mon, 16 Jan 2012 12:10:52 EST, Jeffrey Walton said:

cards) should thank Stratfor for their failure, since the costs will
be passed on to stock holders; and higher credit card rates will be
used to offset loss due to this sort of incompetence.

You have that only half right.  Higher rates will be used to offset the
losses, but the costs are rarely passed on to stock holders.
Stratfor is not the US government. They can't recoup lost revenue; or
print money to cover costs related to their negligence in order to
make it up to the share holders.

Jeff
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