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Nothing can probably top McGriddle's apartment fire one (that got Christman so angry I think I heard his neighbors called the cops), but "won't someone think of the plucky bankers?" is up there.
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Jan 24, 2024 15:36
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Man gently caress that guy. "If we cap overdraft fees, how will banks make up the lost revenue?" I watched overdraft fees absolutely wreck my parents' finances for years.
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Jan 24, 2024 15:42
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megan mcardle is uniquely stupid even for an nytimes columnist
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Jan 24, 2024 15:44
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if we give people mosquito nets, whose blood will they suck??
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Jan 24, 2024 15:45
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wapo* here’s the link if you need it: https://archive.is/ikpDi gradenko_2000 posted:people don't USE bank overdrafts, what the gently caress!!! using a bank overdraft to go to the applebees’ salad bar
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Jan 24, 2024 15:46
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if you dip under by twenty bucks paying your electric for the month, how is the bank supposed to float it? it makes sense to charge an overdraft fee for deigning to make your bank “loan” you money
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Jan 24, 2024 16:04
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as bad as payday loans are, i don't think there are any in america that charge 1,277,500% APR which is the actual literal APR of a bank "loan" of $1 if you pay it back the next day with a $35 overdraft fee
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Jan 24, 2024 16:16
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the milk machine posted:megan mcardle is uniquely stupid even for an nytimes columnist her opinions are singularly loathsome to everyone except, critically, the handful of people who own media properties. those dozen people all think she’s brilliant.
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Jan 24, 2024 16:42
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Love Rat posted:Bret Stephens says the tunnels mean Hamas is solely responsible for Gazan deaths lol. gently caress, his article on Israel being taken to court was so loving stupid. "There's lots of genocides going on around the world, why pick on this one! Anyway, by my own personal legal definition of genocide, which I've just made up, the Israeli genocide ISN'T a genocide, so there! Frankly, the only reason anyone's complaining about this is because you're all antisemites!"
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Jan 24, 2024 16:51
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gradenko_2000 posted:people don't USE bank overdrafts, what the gently caress!!! Ermm, they're taking advantage of the bank generously providing the option of an unsecured loan (for a small fee)?
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Jan 24, 2024 17:01
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usury is a sin but everybody decided to ignore that part
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Jan 24, 2024 17:06
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usury is a sin but we couldn't have a world-spanning omnicidal empire without it so it gets a pass
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Jan 24, 2024 17:15
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the milk machine posted:megan mcardle is uniquely stupid even for an nytimes columnist Best Friends posted:her opinions are singularly loathsome to everyone except, critically, the handful of people who own media properties. those dozen people all think she’s brilliant. I just have a hard time with her because she's so loving stupid and never makes the case for why I should believe the things she treats as natural law or common sense.
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Jan 24, 2024 17:22
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Frosted Flake posted:I just have a hard time with her because she's so loving stupid and never makes the case for why I should believe the things she treats as natural law or common sense. old flame?
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Jan 24, 2024 18:31
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A long time ago I got hit with something like $315 in various fees for a set of transactions that looked something like this (I don’t remember the exact numbers but it was six transactions total and only the last one went over) $101 balance $5 purchase $10 purchase $15 purchase $30 purchase $30 purchase $30 purchase The last one obviously took me over my balance, but I was expecting my paycheck to hit Monday morning so I wasn’t worried, so what my balance looked like at that point was $101 balance, -$19 available. Okay Bank then on Monday morning processed from highest to lowest, and charged me $35 unavailable funds fee on the $15/$10/$5 purchase, which then my account was -$4 ($105 in fees). It then charged me $35 overdraft for all six transactions, double dipping on the 3 smaller transactions, for another $210 and a total of $315 in fees, for a $19 overdraft. Then they applied my direct deposit This was back in 2008 or so and I think it’s been illegal for a while, but it still pisses me off
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Jan 24, 2024 19:29
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Frosted Flake posted:I just have a hard time with her because she's so loving stupid and never makes the case for why I should believe the things she treats as natural law or common sense. when I was a mega committed young liberal, before I was even on SA, I canceled my Atlantic subscription when they hired her as business editor. I sent a note with my cancellation asking if they realized she had zero qualifications besides flattery of the rich. I could barely even imagine. The Atlantic! hiring hacks! My goodness, how bizarre.
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Jan 24, 2024 19:44
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i used to have a bank account so bad theyd charge me overdraft fees without actually overdrafting, so my debit card would get declined PLUS id have to pay a fee
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Jan 24, 2024 20:33
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HashtagGirlboss posted:A long time ago I got hit with something like $315 in various fees for a set of transactions that looked something like this (I don’t remember the exact numbers but it was six transactions total and only the last one went over) Their argument was "well the higher amounts are likely higher priority, like rent or utilities, so we want to process those first! We're helping!" oops now they get tons and tons of extra fees. Not sure if it was ever made illegal or not
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Jan 24, 2024 21:02
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one of the tepid post-2008 reforms is that you can opt out of overdrafts but you have to ask, but to ask you have to know that it is possible to ask and they're sure as poo poo not going to tell you
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Jan 24, 2024 23:23
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F_Shit_Fitzgerald posted:"Overdraft fees are good, actually" I lost so much loving money to BofA overdraft fees back when I was paycheck-to-paycheck. I think it was comparable with what I spent on literal payday loan interest (if not higher than the interest for the "better" payday loan sources). Edit: Stuff like HashtagGirlboss mentioned would also happen frequently. Automatic charges would go through and I'd get hit would like 3 separate $30-something overdraft fees. They would also organize transactions such that my paycheck was after the billing. IIRC this was made illegal at some point? Ytlaya has issued a correction as of 00:34 on Jan 25, 2024 |
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Jan 25, 2024 00:32
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I got a $35 charge for a 1 cent overdraft. Love banks, want to see more banks on fire. https://twitter.com/equalityAlec/status/1750290485300633876
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Jan 25, 2024 02:13
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netanyahu hotdog guy
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Jan 25, 2024 03:01
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megan mcardle might think she's smart but her employers dgaf that she's an obvious idiot, she just has to say the stupid poo poo
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Jan 25, 2024 03:41
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HashtagGirlboss posted:A long time ago I got hit with something like $315 in various fees for a set of transactions that looked something like this (I don’t remember the exact numbers but it was six transactions total and only the last one went over) that's called "financial services" and it gets added to gdp and creates a lot of value. win/win!
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Jan 25, 2024 07:33
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Dr. Jerrold Coe posted:megan mcardle might think she's smart but her employers dgaf that she's an obvious idiot, she just has to say the stupid poo poo vocal morons are pretty much the standard hire at opinion shops and think tanks because they're reliable. you dont need a smart person to write op eds in favor of financial predation on the poor, in fact its better if theyre not smart because a smart person might try to construct an actual argument instead of regurgitating the sound byte your focus group market research team could come up with. you want someone who will hit that "market choice benefits the consumer! in! all! cases!" button like a trained seal every single time without fail.
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Jan 25, 2024 08:12
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i spent the 00s and 10s manually writing and mailing checks to pay all my bills like a caveman because that meant i never got hit with overdraft fees from banks playing bullshit games with processing transactions (in the 20s im unemployed and unemployable and have neither money nor bills so i dont need to bother, lucky ducky)
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Jan 25, 2024 09:15
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Wait what the gently caress. I always thought "overdraft fee" just meant the interest you have to pay, I never knew you guys have to pay a literal fee on top of that Jesus Christ
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Jan 25, 2024 11:24
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The Oldest Man posted:vocal morons are pretty much the standard hire at opinion shops and think tanks because they're reliable. you dont need a smart person to write op eds in favor of financial predation on the poor, in fact its better if theyre not smart because a smart person might try to construct an actual argument instead of regurgitating the sound byte your focus group market research team could come up with. you want someone who will hit that "market choice benefits the consumer! in! all! cases!" button like a trained seal every single time without fail. But why? I mean, why not at least pretend to have some rigour?
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Jan 25, 2024 13:37
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Frosted Flake posted:But why?
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Jan 25, 2024 13:54
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Frosted Flake posted:But why? The vast majority of the remaining paid subscribers of the NYT and WaPo want to hear the End of History story repeated to them.
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Jan 25, 2024 13:54
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Frosted Flake posted:But why? Because nobody cares.
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Jan 25, 2024 14:24
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A Buttery Pastry posted:Being able to treat someone who is obviously wrong as obviously correct is a power move. Only losers need rigor. Yeah, you want reliable mouthpieces who'll repeat your talking points loudly and confidently. Being correct is irrelevant and being curious is actively discouraged.
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Jan 25, 2024 14:40
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Frosted Flake posted:But why? because you touch yourself at night op
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Jan 25, 2024 15:09
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quote:The accepted story of America’s intertwined ills has been challenged from a more fundamental front by new research suggesting inequality might not have evolved as most of us thought. The most prevalent story among economists, following the seminal work by Piketty and Saez, has argued that the rising concentration of income in the hands of the richest Americans has drastically shrunk everybody else’s share of the pie.  Bullpoo poohttps://www.washingtonpost.com/opinions/2024/01/25/economic-inequality-despair-redistribution/
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Jan 25, 2024 20:41
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F_Shit_Fitzgerald posted:
Not going to look, but is this doing something like "medicaid is worth 3k a month when buying on the health care exchanges"
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Jan 25, 2024 20:53
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genericnick posted:Not going to look, but is this doing something like "medicaid is worth 3k a month when buying on the health care exchanges" Probably. I think the basic idea is that the European safety net is much better but it's more regressive because it relies on consumption taxes that are regressive. The American system (supposedly) relies on more progressive taxation like the earned income tax credit that is better for poors somehow.
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Jan 25, 2024 21:02
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F_Shit_Fitzgerald posted:Probably. I think the basic idea is that the European safety net is much better but it's more regressive because it relies on consumption taxes that are regressive. The American system (supposedly) relies on more progressive taxation like the earned income tax credit that is better for poors somehow. I thought the US has VAT?
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Jan 25, 2024 21:09
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genericnick posted:I thought the US has VAT? no. sometimes some fringe pol will bring up the idea but it never goes anywhere.
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Jan 25, 2024 21:11
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I feel like the word 'income' is doing a lot of heavy lifting there to obfuscate all other forms of wealth.
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Jan 25, 2024 21:11
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genericnick posted:I thought the US has VAT? only at the state and local levels (it's called a sales tax and is slightly different)
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Jan 25, 2024 21:12
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