Article View: misc.consumers
Article #9079Re: How Does This Happen?
From: Rod Speed
Date: Sun, 03 Aug 2008 19:35
Date: Sun, 03 Aug 2008 19:35
39 lines
3063 bytes
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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X-Google-Thread: 107518,d777ae74711f9ca1 X-Google-Thread: 10e835,d777ae74711f9ca1 X-Google-Attributes: gid107518,gid10e835,domainid0,public,usenet X-Google-Language: ENGLISH,ASCII-7-bit Path: arc1-ca.pugleaf.net!g2news1.google.com!news4.google.com!fu-berlin.de!uni-berlin.de!individual.net!not-for-mail 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 Message-ID: <6fmfjnFc0am0U1@mid.individual.net> 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> X-Trace: individual.net Hdz8xryNX2hnf1rvTUn8VAgVG2MqnFff/FTK+iDgEFiSP/g7w= Cancel-Lock: sha1:8Z5VrZEvMzkqYJHoeykYhkiJums= X-Priority: 3 X-MSMail-Priority: Normal X-Newsreader: Microsoft Outlook Express 6.00.2900.2670 X-RFC2646: Format=Flowed; Original X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.2670