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8urnMeTwice t1_ixsojqy wrote

Meanwhile, PPP was legalized theft by business owners

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ThirdPartyMechanic OP t1_ixsa5kd wrote

Why hasn't it been gov/lawmakers that investigated?

>In eight states, Deloitte secured multi-million dollar deals based on promises of powerful anti-fraud tech and secure, scalable telecoms infrastructure. In a presentation to the Kansas Department of Labor, in which it claimed to have prevented $100 billion in pandemic unemployment fraud, Deloitte touted “advanced AI-driven fraud detection,” as well as “identity proofing” to help “prevent unauthorized activity,” technologies that had been deployed across U.S. states for over a decade....According to local government data, in states where Deloitte was either asked to help prevent fraud, provide security or ran the benefits system, there was as much as $22.2 billion in fraud.

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peter-doubt t1_ixscb1u wrote

So... Make them accountable. Irony: they're "accountants"

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grosbec_libre t1_ixsgkam wrote

The fortunate profits over the unfortunate, classic capitalist move.

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GenericNewName t1_ixtm31y wrote

Deloitte wastes so much money at federal jobs I know of, they convince these agencies they need to spend spend spend on getting more Deloitte people who do fucking nothing

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Silent_but-deadly t1_ixsjt3z wrote

Here’s an idea. Stop using vendor tech.

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Cheap_Amphibian309 t1_ixt35dz wrote

And use state government tech?

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ddproxy t1_ixtilgm wrote

A little more accountability that way... from experience.

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GovChristiesFupa t1_iy0vgdv wrote

Why isn’t there oversight even on services they contract out? I dont know much, I’m a roofer so not part of the industry at all, and I’m not being facetious I’m actually wondering if it wouldn’t be reasonable.

I did repairs on a shop that manufactured parts for submarines and you couldn’t move a pencil without it being documented and reviewed.

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ddproxy t1_iy1fub1 wrote

Military oriented contracts tend to have greater oversight. They are still figuring out ways to manage tech work that's between overbearing monitoring development in a faraday caged closet and look the other way money pit. Largely it's just inconsistent across the departments that has improved over the years, it's slow movin'.

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Staali t1_ixvgyhp wrote

What’s the alternative for organizations that don’t have tech at its core… hire three devs and conquer the world?

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faddizzle t1_ixu659o wrote

Title is misleading. It wasn’t the software itself it seems. It was a combination of IAM issues and good old manual override.

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taisui t1_ixu1vng wrote

Maybe that is the fraud...

1

Vegan_Honk t1_ixw4q5h wrote

ok, so was it the cheapest program they could get so they could "save the taxpayers money?"

1

YnotBbrave t1_ixw78ez wrote

Maybe they should have spent billions on anti fraud. Humans are very ingenious in fraud when free money is involved

1

Un-Scammable t1_ixsatx7 wrote

The governments wanted this system to fail. The world governments and central banks main objective with covid was to devalue currency and boost global stock markets. That's why M2 skyrocketed🚀📈

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anonpls t1_ixslma3 wrote

I too yearn for the days when any half baked story allowed me to believe there was any rhyme of reason for existence.

Alas.

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GovChristiesFupa t1_iy0x4q2 wrote

Conspiracy theories give to much credit to the ones involved. Theres no genius master scheme, just crony deals to low effort grifters lol.

1

beef-o-lipso t1_ixsc543 wrote

Explain please, for those of us in the cheap seats.

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Un-Scammable t1_ixsd3ly wrote

M2 is the money supply. Stimulus and PPP programs boosted M2. With too much money in the system, money has to find a home. When you have an oversupply of M2, you get a lagging inflation factor. And the only thing that can cure inflation, is lack of demand or an increase in supply. But due to covid, the supply chains were bottled up. This added fuel to the inflationary fire. This is why everything from the price of a plant seed to City skyscrapers went up in price. This was the fallout from covid-19.

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AmazingHighlight7416 t1_ixuh41q wrote

If you’re going to present this theory without the evidence of a liquidity crisis cropping up before Covid nobody is going to believe you.

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Un-Scammable t1_ixwkodp wrote

Paper assets don't have feelings. I don't care who believes me. The same thing happened in the roaring 20's. It's all recorded on the M2 chart at the FRED.

1