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Article #9079

Re: How Does This Happen?

#9079
From: Rod Speed
Date: Sun, 03 Aug 2008 19:35
39 lines
3063 bytes
Scott in SoCal <scottenaztlan@yahoo.com> wrote:
> In message <MPG.22ff8330d6583fcd989f5d@news.individual.net>, krw
> <krw@att.bizzzzzzzzzz> wrote:
>
>> In article <3nga94lshqv5qsia8eaiav42ssp56eogod@4ax.com>,
>> scottenaztlan@yahoo.com says...
>>> In message <betatron-C1F9F4.10172802082008@news.ftupet.com>, max
>>> <betatron@earthlink.net> wrote:
>>>
>>>> In article <1op894dlug579ta3lscglk4evv7c9veoul@4ax.com>,
>>>> Scott in SoCal <scottenaztlan@yahoo.com> wrote:
>>>>
>>>>> Punitive fees are a standard method of training in our society.
>>>>> You violate the law while driving your car, you pay a fine. You
>>>>> pay your bills late, you get charged a late fee. You fail to
>>>>> properly manage your checking account and bounce a payment, you
>>>>> pay an NSF fee. For most people this is a learning experience: a
>>>>> little bit of pain teaches them to pay more attention and they at
>>>>> least TRY not to do it again.
>>>>>
>>>>> So basically what you call "fucking people over" is actually a
>>>>> valuable educational experience, one which I approve of 100%.
>>>>
>>>> You are simply wrong.  The "NSF" fees of today are not the NSF
>>>> fees of 20 years ago.   They are a carefully engineered series of
>>>> tripwires designed to extract the maximum amount of money possible.
>>>
>>> Sure, what used to be purely punitive has evolved into a profit
>>> center. But that fact does not lessen the educational value; if
>>> anything, the higher cost makes the lesson that much more memorable.
>>
>> Some people learn from pain, some by the threat of pain.  Some never
>> learn.
>
> And banks have learned to profit handsomely from that latter category.
>
> Is that wrong?

Corse it is when they deliberately sort the transactions so the debits are processed first etc. 
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From: "Rod Speed" <rod.speed.aaa@gmail.com>
Newsgroups: misc.consumers,chi.general
Subject: Re: How Does This Happen?
Date: Mon, 4 Aug 2008 05:35:17 +1000
Lines: 41
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References: <ko35949b1nba66qgk3hjg024brcr26vdgu@4ax.com> <b6Mkk.4741$QX3.4252@newsfe02.iad> <nki794dcc9cun2fa78pbdbhfa7086gtm5l@4ax.com> <betatron-E131E8.23284901082008@news.ftupet.com> <1op894dlug579ta3lscglk4evv7c9veoul@4ax.com> <betatron-C1F9F4.10172802082008@news.ftupet.com> <3nga94lshqv5qsia8eaiav42ssp56eogod@4ax.com> <MPG.22ff8330d6583fcd989f5d@news.individual.net> <1hlb941ck5lar7jbdk2oobi7bsfvslkopf@4ax.com>
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