&gt;&gt; actuaries already use all sorts of information about you in order to price a loan<p>That is totally true and that is not the problem. The problem is that after they used all the available data to estimate your probability of default with an accuracy of 0.0001% and based on that they refuse to give you a loan, you, as a tax payer, still have to save their and the shareholders&#x27; ass once in a decade because they lost all of their and your money on the stock market...