Credit reports - why are there three different scores?

i.e eg
all the wall st bankers who crashed the global markets and killed thousands of people and made hundreds of thousands jobless and homeless...
were they addicted to greed or were they consciously choosing to kill and destroy people and society ?
This is ridiculous.
lol I never thought this thread topic would go quite in this direction. :oops:

you want some back reading ?

SEC actions
On 11 June 2008 the U.S. Securities and Exchange Commission proposed far-reaching rules designed to address perceived conflicts of interest between rating agencies and issuers of structured securities. The proposal would, among other things, prohibit a credit rating agency from issuing a rating on a structured product unless information on assets underlying the product was available, prohibit credit rating agencies from structuring the same products that they rate, and require the public disclosure of the information a credit rating agency uses to determine a rating on a structured product, including information on the underlying assets. The last proposed requirement is designed to facilitate "unsolicited" ratings of structured securities by rating agencies not compensated by issuers.[53]

On 3 December 2008, the SEC approved measures to strengthen oversight of credit rating agencies, following a ten-month investigation that found "significant weaknesses in ratings practices," including conflicts of interest.[54]

Explanations for inaccurate ratings
The FCIC commission found that agencies' credit ratings were influenced by "flawed computer models, the pressure from financial firms that paid for the ratings, the relentless drive for market share, the lack of resources to do the job despite record profits, and the absence of meaningful public oversight."[56] McLean and Nocera blame credit ratings lapses on "an erosion of standards, a willful suspension of skepticism, a hunger for big fees and market share, and an inability to stand up to" the investment banks issuing the securities.[1]
The Credit Rating Controversy
The three major credit rating agencies have been accused of contributing to the global financial crisis, drawing increased oversight from regulators in the United States and Europe. Nonetheless, investors continue to rely on the largely unchanged ratings services.

Backgrounder by CFR Staff

Last updated February 19, 2015
The "Big Three" global credit rating agencies—U.S.-based Standard and Poor’s (S&P), Moody’s, and Fitch Ratings—have come under intense scrutiny in the wake of the global financial crisis. Meant to provide investors with reliable information on the riskiness of various kinds of debt, these agencies have instead been accused of exacerbating the financial crisis and defrauding investors by offering overly favorable evaluations of insolvent financial institutions and approving extremely risky mortgage-related securities.
In Europe, the Big Three garnered further controversy over their sovereign debt ratings. While the public debt of crisis-hit countries like Greece, Portugal, and Ireland was relegated to “junk” status, the agencies also downgraded the creditworthiness of France, Austria, and other major eurozone economies. EU officials argued that these moves accelerated the eurozone’s sovereign debt crisis, leading to calls for the creation of an independent European ratings agency.

some want you to believe it was all champagne and caviar at the expense of socialist liberals disposable cash
The reality is quite different.

Why does Experian, Transunion and Equifax all report differing credit scores? Not by a wide disparity, but still. Why?

in short ...[mansplain-free]
because they lacked regulation & over sight to take the situation seriously[?](ut oh there is that word again) in how they influenced and controlled global markets resulting in the direct accountability of global markets and the economys of entire countrys.

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