🚀 go-pugleaf

In article <ucp894pnaq79vhpqj4ks75iim9qu6ts802@4ax.com>,
 Scott in SoCal <scottenaztlan@yahoo.com> wrote:

> In message <betatron-312E2F.23274701082008@news.ftupet.com>, max
> <betatron@earthlink.net> wrote:
> 
> >In article <eji79492etbj5iod9rjhoo5kqvk8k9lv0g@4ax.com>,
> > Scott in SoCal <scottenaztlan@yahoo.com> wrote:
> >
> >> In message <betatron-39FB66.17124801082008@news.ftupet.com>, max
> >> <betatron@earthlink.net> wrote:
> >> 
> >> >In article <f96694ppkcmvg7odukod76rphdfsptfot0@4ax.com>,
> >> > Scott in SoCal <scottenaztlan@yahoo.com> wrote:
> >> >
> >> >> Observation #2: One has to live on the ragged edge of financial
> >> >> disaster - literally paycheck-to-paycheck - for this to ever become an
> >> >> issue.
> >> >
> >> >A great many people live like that, and let us collectively count our 
> >> >blessings that we ain't them.
> >> >
> >> >This stuff  [overdrafting], and the like falls under the business model 
> >> >of Profit By Gotcha!       I don't like it. it's not honest.
> >> 
> >> It's just another Moron Tax, like lottery tickets and cigarettes.
> >
> >Lotto and smokes are pretty well understood, and they are classic -- 
> >biblical-style vices.   
> >
> >You can't realistically compare cigarette fees to the ODP scam. Smoke 
> >taxes are pretty up front.  90% of consumers have no idea how the ODP 
> >scam works, because the banks out and out lie about it.
> 
> While I'm flattered that you consider me to be in the top 10% WRT
> intelligence, my comparison is valid in the sense that smart people do
> not fall victim to the "tax." If you balance your checkbook properly,
> and you never "float" checks or spend money before it is actually
> credited to your account, you will never have overdraft fees. This is
> a really simple concept - unless one is a moron.

Not true, e.g.  for example  $100 holds on your account for buying $17 
worth of gasoline.  

And in any case,  those charges should start popping at the time they're 
incurred.  Debit card purchases, esp from the second (whatever) mass 
transit concern in the US, should not be showing up backloaded at the 
last minuted two or three weeks after the fact so that they appear on an 
overnight avalanche of charges.   

It is reasonable to believe that a PIN-based transaction should clear 
within less than a minute not 10,000X slower. 

To reiterate, because this seems to have been forgotten: they (the 
customers) have a share of the blame, but the CTA bears some fraction of 
responsibility by failing to process their transactions in the 
reasonable and customary manner.,

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