2. If you are doing photometry (measuring the brightness of something), even if the relative brightness isn't very much, it can introduce a lot of noise to the data. For many things, even the dimmest satellite is going to add more light than the change in brightness you are looking for.
Now to be fair for scientific research typically you can use the frame if the streak isn't too close to your object(s) of interest. And for pretty pictures you can often edit out the streaks. But even so, it's a problem more than you would think.