Well I can remember the day that now President Obama made his pitch to win the presidency as a person whom would reform the banking industry and stop big banks from ripping off the American People. Clearly, like many other of his promises, he has fallen short.
Here is a good read about the new law going into effect that is supposed to curb the banking industries overdraft charges, however after reading thru it all its clear to see there is no real advantage, and the fee's will just be worse.
Posted: Friday, January 8 2010 at 06:00 am CT by Bob Sullivan
What some call Americas most notorious hidden fee is about to be dealt a serious blow, as new rules kick in that will eliminate many of the booby traps that lead to bank account overdraft fees.
Already, in advance of the Federal Reserve regulations coming in July, many banks are allowing consumers to opt out of the "courtesy" overdraft coverage and associated, cascading $35 fees.
But it should come as no surprise that there's a catch. In fact, there are lots of them. Topping the list: Consumers who opt out of overdraft protection now may find themselves in the worst of both worlds. Their transactions will be denied and they will face a $35 insufficient funds fee anyway.
"My card is being denied and checks are being returned, but the fee remains, wrote Ginnie Logan, who banks at Elevations Credit Union in Colorado and recently opted out of what the organization calls courtesy pay. "Essentially the issue hasnt gotten any better. In fact, it has gotten worse."
Logans sentiment would sting consumer advocate groups who spent years fighting high bank overdraft fees. Expect a new round of consumer frustration this year as insufficient funds fees make a comeback and consumers try to understand why. We'll try to explain. If that doesnt make you sick enough, you can read more here - http://redtape.msnbc.com/2010/01/new-overdraft-rules-worst-of-both-worlds.html#posts
__________________
What is to give light must endure burning -- Viktor Frankl
Sending money you don't have and having an error are two diffrent things.
While in a perfict world everyone would have a million dollars they just wanted to leave in the bank. Even then it wouldnt be a issue of painting it in the broad brush that you wish to paint in making everyone out to be a broke ass. The bottom line is if someone spent 500,000K then 4 seperate 250,000 transactions then some $5.00 auto pay feature you didnt realize that was connected to an account that just happend to hit the day after spending one million dollars and you will see a fee. That $5.00 auto pay will now cost you upwards of $45-60.
You may have wrote them other 4 checks to cash and been carrying around a brief case full of money, but your still going to get a fee. You will still have to call and bitch, and you will still basiclly get shafted.
In my way of thinking, electronic debits or EFT payments as they wish to call them should be declined rather than paid. Especially thouse that choose to leave auto pay as a default inclusion on your card payments. There should be no charge for not having money on an electronic verification system.
It's easy to fall prey to preditory banking. Hell I once seen a company adverise the first 5 overdrafts were free! LOL! They actually "Count" on accounting innacuracies, or for some people "Spending more than they have". Regardless it's the customer that is responsible for keeping an acurate account, but in todays auto deposit, auto monthly bill pay, and re-ocurring charges its bound to happen.
It's really just a game, one where you have something, and someone else wants it. You know... Money.
__________________
What is to give light must endure burning -- Viktor Frankl
I forgot to mention bank holds, availibility, hidden bank fee's for transactions. All these things can generate fee's to a balanced spreadsheet. The ability to say you need to keep better records when funds are being held unknowingly, or someone elses check bounces, or whatever the case may be is bullshit. Some people keep exellent records, however they are not mind readers when it comes to preditory banking.
I once busted a bank by asking them to cash a 15K check on the spot. I ended up getting fucked and the bank took money from me for cashing the check, and I mean a lot. I had to argue to make them give me all my money, and to make things worse I had to go back for 3 weeks straight to get the rest.
It's a total joke. Anymore things arent about the money. But if you happen to run out, it can become about money in a hurry. Thats when things get out of hand and fucked up. I try my best, to do the best I can. Its about the only way I can sleep at night.
__________________
What is to give light must endure burning -- Viktor Frankl
Having had the opportunity to "opt-out" of the arbitrary bank overdraft protections 10 years ago I haven't had any of the issues with posting dates or the order in which they post since then!
This is without doubt the only regulation that I have actually seen work.
So there you are PowerStroker, one win out of a hundred isn't a bad average - right?
__________________
What is to give light must endure burning -- Viktor Frankl
If Obama signed legislation in to law that made even one thing better for working class people, it's still one more thing than any Republican president since Ford has.
It reminds me of a challenge I twice presented to this site:
Name ONE piece of legislation that was made federal law by Republicans within the last 35 years, without Democratic support, which had the sole purpose of making life better for all working class people (including minorities), and did so without adding to the debt.
If you can do that, then by your own calculation you'd be tied with Obama's record.
-- Edited by PowerStroker on Monday 2nd of December 2019 12:08:26 AM
If Obama signed legislation in to law that made even one thing better for working class people, it's still one more thing than any Republican president since Ford has.
It reminds me of a challenge I twice presented to this site:
Name ONE piece of legislation that was made federal law by Republicans within the last 35 years, without Democratic support, which had the sole purpose of making life better for all working class people (including minorities), and did so without adding to the debt.
If you can do that, then by your own calculation you'd be tied with Obama's record.
-- Edited by PowerStroker on Monday 2nd of December 2019 12:08:26 AM
That's a tough task for any gov't.
Most politicians have their own personal agenda their working on...They only have to fool you into voting for them a few times, so they can get on with life after politics...The one's that "do" care about the people don't seem to make it to the top job.
That said, it's the result of the voting public's choices none-the-less, for better or worse, & that's how the river flows for a while..
-- Edited by Rastus on Monday 2nd of December 2019 04:37:33 AM
__________________
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
If Obama signed legislation in to law that made even one thing better for working class people, it's still one more thing than any Republican president since Ford has.
It reminds me of a challenge I twice presented to this site:
Name ONE piece of legislation that was made federal law by Republicans within the last 35 years, without Democratic support, which had the sole purpose of making life better for all working class people (including minorities), and did so without adding to the debt.
If you can do that, then by your own calculation you'd be tied with Obama's record.
First off, I'd just like to say that this rule was merely giving people a "choice" to opt-out... It didn't make anything illegal, it just gave people the "choice"... Free will...
Second, with regards to your little "challenge" - there were countless examples given to you, however you rejected them all.. After awhile it became pointless and futile...
__________________
What is to give light must endure burning -- Viktor Frankl
The examples you gave usually failed for one of the following reasons:
1 Did not have the sole purpose of helping working class people ie: a tax cut package that gives a little to the working class but a lot to the billionares.
No, I'm not suggesting impeachment is bipartisan, I'm merely trying to find out if there is:
"ONE piece of legislation that was made federal law by Republicans within the last 35 years, without Democratic support, which had the sole purpose of making life better for all working class people (including minorities), and did so without adding to the debt."
See, with Democrats there are many examples: minimum wage, child labor laws, environmental protection laws, 40 hour work week, Social Security, Medicare, Medicaid, Pre-existing condition coverage, FDIC, and on and on... These are all things that were implemented by Democrats against the strong objections of Republicans. So I'm just trying to find out if your side has done anything similar any time even in the last 40 years?
There is a certain trade deal that is being held up in the house that has the potential to do just what you speak of! USMCA ring any bells!?
We could cut off China completely if we could get our lower cost/quality items from Mexico at a reasonable price. It's even closer...
Not that Republicans would ever want to make new laws, but if they did - do you think this congress could ever make them happen? No! They are too busy trying to invalidate the 2016 vote of the American people!
__________________
What is to give light must endure burning -- Viktor Frankl
I would say being able to go back 4 decades looking for an example wouldn't qualify as "new". I give that timeline because it seems that the Republican party became really hostile toward working class people when Reagan took office. Prior to then, there were some actually decent Republicans like Dwight Eisenhower, Abraham Lincoln etc.
The USMCA isn't eligible to be an answer until it is ratified by Congress. Only then can we see what effects it would have, and whether it had bipartisan support. In the event Republicans force it through against the will of the Democrats, and it serves to help ONLY working class people, then it would qualify, but we're not even close to an answer on that yet.
I don't recall a single Republican voting for this colossal overreach and waste of time and money!
Republicans aren't about making NEW laws, they are about sticking to the ones already on the books!
LOL !!!
__________________
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
1.The Republican party became really hostile toward working class people when Reagan took office.
2.Prior to then, there were some actually decent Republicans like Dwight Eisenhower, Abraham Lincoln etc.
3.The USMCA isn't eligible to be an answer until it is ratified by Congress. Only then can we see what effects it would have, and whether it had bipartisan support. In the event Republicans force it through against the will of the Democrats, and it serves to help ONLY working class people, then it would qualify, but we're not even close to an answer on that yet.
R1. I remember being a kid & there was always plenty of controversy around Mr.Reagan.
R2. Mr.Nixon wasn't as bad as he's made-out to be imo. Mr.Ford did what he could & did what he was told.
R3. What's USMCA stand for sorry ?...
__________________
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
The examples you gave usually failed for one of the following reasons:
1 Did not have the sole purpose of helping working class people ie: a tax cut package that gives a little to the working class but a lot to the billionares.
2 Added to the debt
3 Was hostile to minorities
4 Was bipartisan
Please try again!
F'n DeJavu...
__________________
What is to give light must endure burning -- Viktor Frankl
Well I can remember the day that now President Obama made his pitch to win the presidency as a person whom would reform the banking industry and stop big banks from ripping off the American People. Clearly, like many other of his promises, he has fallen short.
How many remember the first few words of his Inaugural speech. I'll remind you all. "Lets be honest people, there is no way I can keep all the promises I made during my campaign"
Now not that uncommon with campaigns! But I was watching and turned it right off. Struck a chord I guess, hoping he was different somehow? False hope?
Well I can remember the day that now President Obama made his pitch to win the presidency as a person whom would reform the banking industry and stop big banks from ripping off the American People. Clearly, like many other of his promises, he has fallen short.
Did he have any cooperation in Congress on this issue by chance, and if not, which party fought it?
Please refrain from voting until such time as your head is in the game then.
Exactly. Otherwise he may brainfart and vote for some dim. Fine bunch they are.
See the news on the new muzzy served less than one year?
"Muslim state lawmaker Movita Johnson-Harrell, a Democrat from Philadelphia, was charged with stealing more than $500,000 from her own non-profit to pay for vacations, furs, designer clothes, bills and her run for state legislature.
The crooked Democrat didnt even serve one whole year in office and she is already resigning in disgrace she is also facing jail time.
Well I can remember the day that now President Obama made his pitch to win the presidency as a person whom would reform the banking industry and stop big banks from ripping off the American People. Clearly, like many other of his promises, he has fallen short.
Did he have any cooperation in Congress on this issue by chance, and if not, which party fought it?
What do you think about Obama's new pad in the Hamptons PowerStroker? From what I read he had $12 million burning a hole in his pocket... Isn't that $8 million more than he was paid to be President? Even if we add up all eight years that he was President at the current rate of $400,000 per year and throw a little extra in for Michelle's pay, where the heck did that kind of money come from? Looks a lot like influence / kickback money to me... Nevermind the pad he purchased in D.C.
Now I know you will try and claim his book sales and media contracts are funding this lavish lifestyle, but that's just bullshit! It's influence / kickback money! Derived solely from politics and his tenure as POTUS.
Seems to me the only person fighting it are Republicans! Clinton, Biden, Pelosi - ALL OF THEM are being exposed for making a killing on the American people! Pay for play across the board!
So while my head may not have been in the game while I tended to real people problems, I have never lost site of the small time Chicago hustler who seemingly got rich overnight after leaving office...
__________________
What is to give light must endure burning -- Viktor Frankl
The 12 mil place is Marthas vineyard. But you could spend 12 mil in either easily!
They most all get influence, kickback money, Rand Paul wouldn't take it, he gives back whatever isn't spent. Think Skeletor, Waters or any single demo would do that. BTW mad max is under ethics scrutiny again. 4 out 5 years I believe iw is she was named "most corrupt"
On the "aid thing" Think Ukraine govt is not corrupt? Yet they DEMAND aid from us?
Least we give them weapons, not blankets like baby Jesus did.
His book sales alone have made him a multi millionaire Rex. Then he decided to follow Bill Clinton's example of going on the very lucrative lecture circuit which for someone like him can pay a quarter million per lecture.
Bill Clinton is worth almost a hundred million from the lecture circuit. All of it legal and legitimate.
Certainly you would do the same if you could command as much per lecture as a former president wouldn't you? It's just capitalism, I thought you guys like that?
Please refrain from voting until such time as your head is in the game then.
Exactly. Otherwise he may brainfart and vote for some dim. Fine bunch they are.
See the news on the new muzzy served less than one year?
"Muslim state lawmaker Movita Johnson-Harrell, a Democrat from Philadelphia, was charged with stealing more than $500,000 from her own non-profit to pay for vacations, furs, designer clothes, bills and her run for state legislature.
The crooked Democrat didnt even serve one whole year in office and she is already resigning in disgrace she is also facing jail time.
The Philadelphia Inquirer reported"
LOL !!!
Things that make you go hmmm......
__________________
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
When it comes to democrats, I don't go just hmmmmmm. I go, hmmmmm another one? Seems an everyday occurrence with them, sometimes more than one. What happened to dem mayor Pugh in Chi? Hmmmm What happened to dem Chief police in chi, hmmmmm.
His book sales alone have made him a multi millionaire Rex. Then he decided to follow Bill Clinton's example of going on the very lucrative lecture circuit which for someone like him can pay a quarter million per lecture.
Bill Clinton is worth almost a hundred million from the lecture circuit. All of it legal and legitimate.
Certainly you would do the same if you could command as much per lecture as a former president wouldn't you? It's just capitalism, I thought you guys like that?
All due respect, fuck you PowerStroker! How much is Bill or Hillary commanding for their "legal and legitimate" lecture circuit now days? It would seem their fall from power made that lucrative lecture circuit not so lucrative! It just goes to PROVE they were selling influence!
Book sales!? You have to be fucking kidding me!? RIGHT!? Book sales now days isn't like it was back in the day, how many books have you purchased in the last year PowerStroker!? How about everyone else in here? Didn't Amazon put Barnes and Nobel out of business? If a President like Obama wants to get paid for political favor without it looking that way what would they do? Publish a book and instruct them to buy the book! Wonder how many copes of Obama's books George Soros has stuffed away in a hanger somewhere!? You know it's funny but I have never seen one of Obama's books in the flesh and I live in the Detroit Metro burbs! And how about these lucrative lecture circuits? Are these companies who pay these big dollars in the business of lobbying? I thought you were against lobbying PowerStroker? Or are you just into partisan lobbying under your bigoted and liberal hypocritical oath?
What your people are doing isn't capitalism, it's money laundering! Who benefits from any of that except Obama or the Clintons? Capitalism is providing a product or a service that enriches the lives of people, things like food, shelter and transportation. All this money wasted on the Obama and Clinton family could have went to build grand buildings for all to enjoy - roads for everyone to travel and food for everyone in need to enjoy! You are a fool PowerStroker, a lot of people are fools. I guess I can be foolish at times too, but I am not foolish enough to believe that Obama or the Clintons made all that money without their political influence... Trump on the other hand, I am pretty sure he is a capitalist and made it in the private sector prior to ever stepping foot into politics.
__________________
What is to give light must endure burning -- Viktor Frankl
Trump doesn't even take a salary. Like Rand he would never take a cent he didn't earn. People like them can't be influenced and you can find many republicans that are of the same moral base.
Show me ONE democrat (today) with morals that couldn't be influenced, bribed, paid off.
What Trump would make in presidential salary is absolutely dwarfed by how much he has made by changing the tax code and renting entire floors of his DC hotel to lobbyists.
But if it makes you feel better not to think about things too critically, keep it up.
What Trump would make in presidential salary is absolutely dwarfed by how much he has made by changing the tax code and renting entire floors of his DC hotel to lobbyists.
But if it makes you feel better not to think about things too critically, keep it up.
I am not saying the job does not come without perks, we can't very well be having our Presidents living in the burbs, and I don't begrudge someone making a living - but I do demand results!
I also have a strong distaste of partisan stunts at the expense of "We the People".
__________________
What is to give light must endure burning -- Viktor Frankl
1.Book sales!? You have to be fucking kidding me!? RIGHT!? Book sales now days isn't like it was back in the day, how many books have you purchased in the last year PowerStroker!? How about everyone else in here?
2.Didn't Amazon put Barnes and Nobel out of business?
3.If a President like Obama wants to get paid for political favor without it looking that way what would they do? Publish a book and instruct them to buy the book! Wonder how many copes of Obama's books George Soros has stuffed away in a hanger somewhere!?
4.You know it's funny but I have never seen one of Obama's books in the flesh and I live in the Detroit Metro burbs! And how about these lucrative lecture circuits? Are these companies who pay these big dollars in the business of lobbying?
5.I thought you were against lobbying PowerStroker? Or are you just into partisan lobbying under your bigoted and liberal hypocritical oath?
6.What your people are doing isn't capitalism, it's money laundering! Who benefits from any of that except Obama or the Clinton's?
R1. I like books lol ! But computer screens & age have seen my eyes lose their best, & I use the x1 reading-specs...Anyhow, my copy of Dr.Greer's "Unacknowledged" arrived a week or so ago, so I'm flicking through that at the moment.
R2. Not sure.
R3. LOL ! That's quite an imagination you have SELLC, you must have read lots-of-book at some stage !
R4. Whatever it takes it would seem.
R5. That's conjecture, & leading the witness imo...
R6. Without doubt Mr.Trumpdt will have his own-thing to look forward to after politics.
__________________
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
