Schneier on Security: ID Cards and Identity Theft

Schneier on Security on Real ID and Identity Theft, completely revlvant to our own ID Cards. Especially since ID Theft seems to be the only thing they have left to try and justify this freedom destroying waste of money, but as Mr Schneier says

Why does Reuters think that a better ID card will protect against identity theft? The problem with identity theft isn't that ID cards are forgeable, it's that financial institutions don't check them before authorizing transactions.

and hence ID cards will make no difference what so ever.