Quote:
Originally Posted by Didace
There was nothing wrong with this. It was an idiot tax.
Yeah to the tune of
$40B/year profit center for the banking industry.
Because 16-year-olds should know better than to naively assume their bank just wouldn't cover the pack of gum - rather than cover it and charge them $37 for the "convenience". And insist that there's no way to turn off this "convenience". Nor is there anyway to not charge the biggest charges first to create more overdrafts. Oh what do you know - they found a way when slapped around by the govt after it bailed them out.
Not to mention people who have money problems and get in trouble due to predatory banking strategies like this.
Personally I'd rather the money stay in the hands of the idiots then go to a 3rd vacation home for some banking exec. Broke idiots is a recipe for disaster - leads to stuff like the rise of Trump.