Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Dinesh who wrote (42881)	5/22/2001 9:09:14 AM
From: saukriver	Read Replies (1) \| Respond to of 54805

OT: GLB Privacy If you don't carry a balance, you can always opt to not use the credit card except where you got to (e.g. car rental) or when the benefits are significant (free insurance). Whether you carry a balance on a credit card (which I agree is dumb) has nothing to do with whether the cc company can share your purchases and other account data. That is governed by the terms of the cc company's privacy policy. I haven't seen one that even mentions whether there is a balance on the card. If you never even use the credit card, it still has a bunch of data on you that it will be able to share, for the most part, freely. I think this clickstream analysis thing is way overblown. Agreed. There is no more privacy - and we may just get over it and look for ways to benefit from it. Disagree. If you don't opt out, then you have no way to benefit from it. You will have nothing left to trade because your cc card, bank, brokerages, and insurance companies will already have your permission (granted by not opting out) to spread your account information far and wide. It may be that businesses will make some major goof such as reveal one's shopping habits to the spouse or something like that. But until they get sued or something, I don't see a way around. There have been significant privacy suits (against DoubleClick, RealNetworks, Alexa, etc.) Under Gramm-Leach-Bliley, we are talking about Schwab, Fidelity, TD Waterhouse, etc., banks, Kemper, State Farm, etc., and Citibank, Travelers, etc. There will be no suits if you don't opt out. Staying in these privacy policies authorizes financial institutions under most of them to spread your account information far and wide. saukriver