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There is a similar point to be made about those fake "update on your loan" robocalls.

- The carriers know, for a fact, that these are spam calls.

- The spammers know that the carriers know this as well.

- The payout on a successful scam is large

- Because of the above the scammers are willing to pay VERY large sums to the carriers

- The carriers are willing to take the scammers money

Nothing is surprising to me about this except the last point.

Seems like "allowing people to pee in your pool, for a price" is very short term thinking.

That being said, maybe it's like that old SNL parody ad [0]: "We're the phone company and we don't care. Why? Because we don't have to."

(for the younger folks, Bell Telephone was a monopoly back then. That's less true now but true enough for the economics to kick in for them)

0 - https://vimeo.com/355556831



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