My ID theft rant

Today I recieved an interesting solicitation in the mail from my bank. Identity theft insurance!! AND it is only $12 a month. It made me so angry. Here is why.

1. It is these very institutions that are offering the insurance that are causing the problem in the first place. Why is my credit card issuer trying to make me pay for identity protection when it should be there job to protect it? Would identity theft really be as pervasive if all these financial institutions did not float our personal information around like a terd floating from the New Orleans sewage treatment plant into Lake Ponchatrain?

2. You watch now. This will mean that credit card companies will be more and more difficult to deal with on fraudulent charges because they will say, "well...do you have our identity theft coverage...you dont...well that is going to make our job a lot more difficult"

3. The whole protection insurance is abdicating responsibility of financial institutions to protect our assets that we let them have in their reserve, it is taking advantage of their customers weaknesses by adding another charge to your credit card bill (this was the proposal that I received).

4. With the new bankrupcy laws the credit companies already have paid off our representatives in Congress to take advantage of folks and make even more money already.

Ughhhh. Geez Citibank, Chase, Providian, Capital One....just do your jobs ethically and protect my identity already.