[arcticfox]

That theory doesn't make too much sense; if they were both in on the scam and aware of the printer metadata, surely they would have asked for a different version before signing their name to it.

IMO it's more likely that "grading" is just a joke.

[HanayamaTriplet]

This is a good point! My assumption was that they actually do have a high baseline of fake rejection and gave these a fair analysis, given that they would want to maintain credibility and have multiple write-ups on their web site about how they closely analyze submitted cards to detect counterfeits. I wonder if there are any independent tests out there on how well they actually detect and reject fakes sent in for grading by normal people.

[theWreckluse]

It's easily possible that this was overlooked because when being in on the scam one will be less diligent about such things.

[michaelt]

Yeah, we had a global financial meltdown in 2008 because it turned out the people who graded securities didn't look too closely at what they were grading; turns out customers wanting their bonds rated wouldn't choose rating agencies that applied an inconvenient level of scrutiny.

It'd be naive to expect the pokemon card industry to be better regulated.

[lotsofpulp]

Technically, it was the lenders that weren’t verifying borrowers’ income and work histories.

Theoretically, there is much less chance of “liar loans” due to digital real time records via services like The Work Number and ADP.

[Xelynega]

I don't think you're talking about the same thing.

Part of the 2008 financial crisis was that lenders were giving loans out to anybody, and then even though information was available showing the low likelihood of paying back those mortgages the rating agencies rated the bundles of mortgages as high quality low risk.

So the problem starts with loans going to anyone, but the crisis was caused by ratings agencies wanting to keep clients rather than do their jobs.

[Retric]

Inability to verify borrowers income had zero relevance to “liar loans.”

Banks had plenty of options, they purposefully decided not to use them.

[TZubiri]

Kinda like twitter's blue marks

Or llc's by departments of state