[meadandale]

[quote=briansd1]
Why be jealous of the opportunities of others? Tell her just to be grateful for her own opportunities.[/quote]

Without even realizing it you’ve just made the money quote.

Why should Mexicans be jealous of the opportunities for citizens and LEGAL immigrants in the US? They should just be grateful for the opportunities they have at home–and stay there and take advantage of them.

[meadandale]

[quote=briansd1]
Why be jealous of the opportunities of others? Tell her just to be grateful for her own opportunities.[/quote]

Without even realizing it you’ve just made the money quote.

Why should Mexicans be jealous of the opportunities for citizens and LEGAL immigrants in the US? They should just be grateful for the opportunities they have at home–and stay there and take advantage of them.

[meadandale]

[quote=briansd1]
Why be jealous of the opportunities of others? Tell her just to be grateful for her own opportunities.[/quote]

Without even realizing it you’ve just made the money quote.

Why should Mexicans be jealous of the opportunities for citizens and LEGAL immigrants in the US? They should just be grateful for the opportunities they have at home–and stay there and take advantage of them.

[meadandale]

[quote=briansd1]
Why be jealous of the opportunities of others? Tell her just to be grateful for her own opportunities.[/quote]

Without even realizing it you’ve just made the money quote.

Why should Mexicans be jealous of the opportunities for citizens and LEGAL immigrants in the US? They should just be grateful for the opportunities they have at home–and stay there and take advantage of them.

[meadandale]

When you buy with a debit card, if the transaction is an ONLINE transaction the retailer will verify that you have funds available as part of the transaction. That doesn’t mean that the funds are actually available when the debit hits the bank.

What some retailers do is to ‘freeze’ an amount (that may be less than or more than) the actual transaction amount to make sure that funds are available. In practice this could mean that the consumer has part of their available account balance frozen so that the retailer is guaranteed to get paid–and this pisses off most consumers.

What about automatic payments? Do you want the bank bouncing your utility bills, cell phone payments, gym memberships, car payment?

That’s fine, deny the electric bill and then the consumer can pay the late charge to the utility rather than an overdraft charge to the bank. That WILL happen. I guess that you’ll have to start tilting at a few other windmills beyond the banks for being ‘greedy’ when they balk at not getting paid on time because your account is overdrawn.

I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.

[meadandale]

When you buy with a debit card, if the transaction is an ONLINE transaction the retailer will verify that you have funds available as part of the transaction. That doesn’t mean that the funds are actually available when the debit hits the bank.

What some retailers do is to ‘freeze’ an amount (that may be less than or more than) the actual transaction amount to make sure that funds are available. In practice this could mean that the consumer has part of their available account balance frozen so that the retailer is guaranteed to get paid–and this pisses off most consumers.

What about automatic payments? Do you want the bank bouncing your utility bills, cell phone payments, gym memberships, car payment?

That’s fine, deny the electric bill and then the consumer can pay the late charge to the utility rather than an overdraft charge to the bank. That WILL happen. I guess that you’ll have to start tilting at a few other windmills beyond the banks for being ‘greedy’ when they balk at not getting paid on time because your account is overdrawn.

I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.

[meadandale]

When you buy with a debit card, if the transaction is an ONLINE transaction the retailer will verify that you have funds available as part of the transaction. That doesn’t mean that the funds are actually available when the debit hits the bank.

What some retailers do is to ‘freeze’ an amount (that may be less than or more than) the actual transaction amount to make sure that funds are available. In practice this could mean that the consumer has part of their available account balance frozen so that the retailer is guaranteed to get paid–and this pisses off most consumers.

What about automatic payments? Do you want the bank bouncing your utility bills, cell phone payments, gym memberships, car payment?

That’s fine, deny the electric bill and then the consumer can pay the late charge to the utility rather than an overdraft charge to the bank. That WILL happen. I guess that you’ll have to start tilting at a few other windmills beyond the banks for being ‘greedy’ when they balk at not getting paid on time because your account is overdrawn.

I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.

[meadandale]

When you buy with a debit card, if the transaction is an ONLINE transaction the retailer will verify that you have funds available as part of the transaction. That doesn’t mean that the funds are actually available when the debit hits the bank.

What some retailers do is to ‘freeze’ an amount (that may be less than or more than) the actual transaction amount to make sure that funds are available. In practice this could mean that the consumer has part of their available account balance frozen so that the retailer is guaranteed to get paid–and this pisses off most consumers.

What about automatic payments? Do you want the bank bouncing your utility bills, cell phone payments, gym memberships, car payment?

That’s fine, deny the electric bill and then the consumer can pay the late charge to the utility rather than an overdraft charge to the bank. That WILL happen. I guess that you’ll have to start tilting at a few other windmills beyond the banks for being ‘greedy’ when they balk at not getting paid on time because your account is overdrawn.

I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.

[meadandale]

When you buy with a debit card, if the transaction is an ONLINE transaction the retailer will verify that you have funds available as part of the transaction. That doesn’t mean that the funds are actually available when the debit hits the bank.

What some retailers do is to ‘freeze’ an amount (that may be less than or more than) the actual transaction amount to make sure that funds are available. In practice this could mean that the consumer has part of their available account balance frozen so that the retailer is guaranteed to get paid–and this pisses off most consumers.

What about automatic payments? Do you want the bank bouncing your utility bills, cell phone payments, gym memberships, car payment?

That’s fine, deny the electric bill and then the consumer can pay the late charge to the utility rather than an overdraft charge to the bank. That WILL happen. I guess that you’ll have to start tilting at a few other windmills beyond the banks for being ‘greedy’ when they balk at not getting paid on time because your account is overdrawn.

I should also mention that many consumers don’t like to have their purchases declined at the POS both from the inconvenience factor (maybe they have no other card to use or no cash–which means they have to just walk away from the register and leave their goods) as well as from the embarrassment factor of having their purchase declined in front of other customers in line. It seems that the very people that don’t want to have to pay an overdraft fee also don’t want their purchases declined at the POS. What’s a bank to do? Some conundrum.

[meadandale]

[quote=briansd1]KSMountain, I don’t see how you can defend banks charging $20 overdraft fee on an EFT transaction of $2.

Bank electronically choose to process the larger transactions first so that they can stack multiple processing fees on the smaller overdraft transactions. That way, they reap thousands of percent in interest charges.

Would it not be simpler to force them to decline the transactions of people who have no money in the bank? In a cash system, that’s how it would work.

The bank free structures are not providing anyone with access to credit. It’s raping them for lack of credit.[/quote]

I guess Brian doesn’t remember the old days…when very few people paid by CC and no one paid by debit card in the store. It was usually cash or check. Back then, they couldn’t instantly check funds like they do now for checks so if you bounched your check there was a HUGE fee, by the RETAILER for insufficient funds. See, that that point, you have the merchandise and all they have is a worthless piece of paper. It’s no different with an EFT…if the EFT bounces, the retailer is screwed. That’s why today, the retailer gets their money regardless of the funds if the transaction clears…it’s the BANK that has been forced to give you a ‘loan’ for the overdraft funds.

[meadandale]

[quote=briansd1]KSMountain, I don’t see how you can defend banks charging $20 overdraft fee on an EFT transaction of $2.

Bank electronically choose to process the larger transactions first so that they can stack multiple processing fees on the smaller overdraft transactions. That way, they reap thousands of percent in interest charges.

Would it not be simpler to force them to decline the transactions of people who have no money in the bank? In a cash system, that’s how it would work.

The bank free structures are not providing anyone with access to credit. It’s raping them for lack of credit.[/quote]

I guess Brian doesn’t remember the old days…when very few people paid by CC and no one paid by debit card in the store. It was usually cash or check. Back then, they couldn’t instantly check funds like they do now for checks so if you bounched your check there was a HUGE fee, by the RETAILER for insufficient funds. See, that that point, you have the merchandise and all they have is a worthless piece of paper. It’s no different with an EFT…if the EFT bounces, the retailer is screwed. That’s why today, the retailer gets their money regardless of the funds if the transaction clears…it’s the BANK that has been forced to give you a ‘loan’ for the overdraft funds.

[meadandale]

[quote=briansd1]KSMountain, I don’t see how you can defend banks charging $20 overdraft fee on an EFT transaction of $2.

Bank electronically choose to process the larger transactions first so that they can stack multiple processing fees on the smaller overdraft transactions. That way, they reap thousands of percent in interest charges.

Would it not be simpler to force them to decline the transactions of people who have no money in the bank? In a cash system, that’s how it would work.

The bank free structures are not providing anyone with access to credit. It’s raping them for lack of credit.[/quote]

I guess Brian doesn’t remember the old days…when very few people paid by CC and no one paid by debit card in the store. It was usually cash or check. Back then, they couldn’t instantly check funds like they do now for checks so if you bounched your check there was a HUGE fee, by the RETAILER for insufficient funds. See, that that point, you have the merchandise and all they have is a worthless piece of paper. It’s no different with an EFT…if the EFT bounces, the retailer is screwed. That’s why today, the retailer gets their money regardless of the funds if the transaction clears…it’s the BANK that has been forced to give you a ‘loan’ for the overdraft funds.

[meadandale]

[quote=briansd1]KSMountain, I don’t see how you can defend banks charging $20 overdraft fee on an EFT transaction of $2.

Bank electronically choose to process the larger transactions first so that they can stack multiple processing fees on the smaller overdraft transactions. That way, they reap thousands of percent in interest charges.

Would it not be simpler to force them to decline the transactions of people who have no money in the bank? In a cash system, that’s how it would work.

The bank free structures are not providing anyone with access to credit. It’s raping them for lack of credit.[/quote]

I guess Brian doesn’t remember the old days…when very few people paid by CC and no one paid by debit card in the store. It was usually cash or check. Back then, they couldn’t instantly check funds like they do now for checks so if you bounched your check there was a HUGE fee, by the RETAILER for insufficient funds. See, that that point, you have the merchandise and all they have is a worthless piece of paper. It’s no different with an EFT…if the EFT bounces, the retailer is screwed. That’s why today, the retailer gets their money regardless of the funds if the transaction clears…it’s the BANK that has been forced to give you a ‘loan’ for the overdraft funds.

[meadandale]

[quote=briansd1]KSMountain, I don’t see how you can defend banks charging $20 overdraft fee on an EFT transaction of $2.

Bank electronically choose to process the larger transactions first so that they can stack multiple processing fees on the smaller overdraft transactions. That way, they reap thousands of percent in interest charges.

Would it not be simpler to force them to decline the transactions of people who have no money in the bank? In a cash system, that’s how it would work.

The bank free structures are not providing anyone with access to credit. It’s raping them for lack of credit.[/quote]

I guess Brian doesn’t remember the old days…when very few people paid by CC and no one paid by debit card in the store. It was usually cash or check. Back then, they couldn’t instantly check funds like they do now for checks so if you bounched your check there was a HUGE fee, by the RETAILER for insufficient funds. See, that that point, you have the merchandise and all they have is a worthless piece of paper. It’s no different with an EFT…if the EFT bounces, the retailer is screwed. That’s why today, the retailer gets their money regardless of the funds if the transaction clears…it’s the BANK that has been forced to give you a ‘loan’ for the overdraft funds.

[meadandale]

[quote=briansd1]
Listen to David Brooks, a well-known conservative voice. Even he admits that Republicans are hell bent on obstruction.

http://www.charlierose.com/view/interview/11206

I would much rather listen to reason that the one liners from the likes of Palin, Beck and Limbaugh.[/quote]

David Brooks a conservative? That’s like saying McCain is conservative. I read his columns regularly and he’s no conservative that I share any views with.

http://en.wikipedia.org/wiki/David_Brooks_%28journalist%29

Even wikipedia bears this out:

Brooks explains that the Republican Party must distance itself from the minimal-government conservative principles that had arisen during the Barry Goldwater and Ronald Reagan eras. He claims that these outdated concepts had served their purposes and should no longer be embraced by Republicans in order to win elections.

So, he’s pro big government?

Brooks has been a frequent admirer of President Barack Obama

Yeah, all my conservative friends are big fans of Barry…

He has also expressed strong support for gun control.

Need I say more?

[Author]

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