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Author: kahunacfa Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308358  
Subject: Re: Maybe it's genetic Date: 12/7/2012 4:05 PM
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This is a link to a short entry that gives the abstract to a linked article about the possibility of a genetic variation pertaining to borrowing.


Could be interesting, could be unsettling. What if lenders started demanding DNA tests before they agreed to lend large sums of money? Or before hiring a CEO?

- Windowseat | Date: 12/6/2012 2:20:03 AM | Number: 306495

Actually the use and possible misuse of genetic testing is a scarey potential problem in many areas of life. The problem for mis-use is similar to the problem of Insurance Companies using auto insurance applicants FICO scores to rate and price insurance policy products. They use the FICO scores simply because: 1. They exist, and 2. they are inexpensive for an insurance company to obtain from the UnFair-Issac corporation. FICO scores were NEVER designed to ever rate insurance risk of any kind yet they are frequently used that way. There used to be a term: "There Out to be a Law". In this case State Insurance Commissioners could simply administratively prohibit insurance companies from accessing applicants for insurance FICO Scores.

Kahuna, CFA
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