But many of these "hidden" fees aren't all that hidden. If you pay attention, you will see them. And if they are egregious, then you can move your money and let the bank know why. The too-big-to-fail term really refers to their significance in running the economy as far as the flow of money, the number of deposits they control. As far as a depositor is concerned, it might only affect them in that these banks are omnipresent. But as can be seen here, there are options, and you *can* vote with your wallet. Nothing is forcing you to be with these banks. But of course, having a BoA or HSBC ATM around every other corner *is* convenient. But then again, someone has to pay for that convenience.
Yup, happened to a friend of mine. Three checks made out, with the largest one being deposited first, second one overdrafting, and the third one, a debit purchase for $2 or something, ending up costing them $37. They really do have their customers' interest in mind.
It's not a matter of that $5. It's a matter of customers having been nickel and dimed for years. And after getting bailed out with OUR money, banks invent fees just because the government shut down one of their other fee rackets, err, revenue streams. This outrage is against this general idea by banks that they are entitled to a certain profit margin, and they'll change the rules where they see fit.
They're already getting paid for these accounts on the merchant side, who passes the cost onto the customer anyway. So what banks are doing is double dipping and charging twice for the same service. Yeah, poor them, offering people a service for a nominal fee.
> Get a good job. Rent. Save up. Maybe you'll eventually save enough to buy a house with cash.
Or I could buy a house now, and pay someone for allowing me to tie up their cash for three decades.
I like how home ownership is s#at upon, but my fixed mortgage on my 3 bedroom condo is fixed and runs me less than what rent would have cost me. There ain't a landlord that will raise my rent just because the neighborhood got gentrified and tell me to hit the bricks if I refuse. And in 20 years of paying less than a comparable, I own a piece of property outright. That gives me many options, such as lines of credit, a reverse mortgage, passing it down to kids, renting it out while I go live in a lower cost area.
It isn't an area to speculate and invest for most people -- you'll likely get richer putting money on the indexes -- but I don't see how it's some sort of a dream that was sold.
I don't see how the parent was wrong. People will still have to put their money somewhere, and unless the government separates depository institutions from financial services, it will likely go back to the same system of selling insurance, money management, and all kinds of other services to their customers.
I have a simple savings account and get called all the time by HSBC, even as recently as a few months ago, to let them invest it for me. These are the same banks that were recommending securities to their customers they themselves were shorting. A lot more money in that than depository accounts and overdraft fees, which are being regulated now.
Don't worry, people have been despising BoA for years. I'm sure there are droves that left the bank much earlier and got even less notice than when you did it. They were probably even seen as a bit odd as why would one hate a bank?
But doesn't the fact that most banks aren't following BoA with fee increases indicate that the customers can still vote with their wallets and regulation isn't necessary? And it was regulation that pushed these banks to try to nickel and dime its customers in the first place. I don't think the government is smart enough to stay ahead of banks, even if they wanted to. What lawyer will work for the government when they could be making ten fold in the public sector.
Well, if your purchases have 50% tacked on them in interest, then you probably should cut your cards up as they're clearly not for you. But most of us can use credit cards responsibly and not pay a single cent in finance fees, aside maybe from a missed payment once in a long while.
You could view it as abusive language, or you could view it as passionate disapproval. Using strong language is a legitimate way of conveying just how strongly you feel about something, and if you're on the receiving end and looking for real feedback (and not getting defensive or have thin skin), then a comment like this *would* serve as valuable feedback.
And you can say for a fact that you've never exceeded the limit? How about when you go over a crest and the momentum tis you 3mph over? Game over, ticket. Right, so now you'll be so paranoid that you'll either drive 5 or 10mph under, or will constantly be watching your speedometer. Yeah, much safer. Make people fall asleep from the boredom or force them to take their eyes off the road.
I never understood why everyone switched to widescreen laptops. Got a T61 as IBM's last 3:4 model. But I did get a W500 as a desktop replacement, and it was fine on the desk, I guess, but I hated it as a laptop. Got a used T61 and the W500 has been under my bed for a few months now.
Some of them did have the IBM logo on the clamshell, while having Lenovo's new "Thinkpad T series" label on the palm rest.
Best I could find out was that those were sent to business customers, and the Lenovo branded stuff was sold to regular consumers. For some reason, I got an IBM branded one when I ordered direct from IBM/Lenovo. Not complaining, though. My other T61 has Lenovo's "Thinkpad T series" on the clamshell and palm rest.
Probably by his parents? If you're going to rant, shouldn't you at least find out the facts?
Ron Paul's argument is that colleges are expensive because of the subsidies. No one today can argue that the cost of college has skyrocketed. And his point is that removing these subsidies will reduce those prices, allowing people to get an education without putting themselves in debt for hundreds of thousands.
Student loans are currently facing the same bubble that housing faced a few years ago. There are increased defaults, companies are securitizing loans, investors are speculating. This is your optimal situation? I doubt this has to do with 'i got mine', especially with Ron Paul involved.
Yeah, I've watched it since it started (listened to Carolla's radio shows like Loveline, AC Show, and now his podcast), and even when it was 1 hour in length, their discussion was compressed too much, like the 0-60 segment. And IIRC, there was a music bed underneath too. SPEED has nothing to air anyway, why are they rushing things.
And TopGear USA has gotten slightly better, but they still just do what TopGear did years ago, and the guys don't have the charisma to make it interesting.
The Car Show with Adam Carolla is not too bad. They just compress it too much, and any insightful stuff they might say, is cut down by an order of 10. That's the real problem with US TV: all focus is on making room for commercials.
So you then have to mirror all your settings and documents across two separate OSes. I'd pass too, as I passed on dual booting Linux with Windows. I just chose one over the other.
Slashdot Mirror
But many of these "hidden" fees aren't all that hidden. If you pay attention, you will see them. And if they are egregious, then you can move your money and let the bank know why. The too-big-to-fail term really refers to their significance in running the economy as far as the flow of money, the number of deposits they control. As far as a depositor is concerned, it might only affect them in that these banks are omnipresent. But as can be seen here, there are options, and you *can* vote with your wallet. Nothing is forcing you to be with these banks. But of course, having a BoA or HSBC ATM around every other corner *is* convenient. But then again, someone has to pay for that convenience.
Cool story. Really.
Yup, happened to a friend of mine. Three checks made out, with the largest one being deposited first, second one overdrafting, and the third one, a debit purchase for $2 or something, ending up costing them $37. They really do have their customers' interest in mind.
It's not a matter of that $5. It's a matter of customers having been nickel and dimed for years. And after getting bailed out with OUR money, banks invent fees just because the government shut down one of their other fee rackets, err, revenue streams. This outrage is against this general idea by banks that they are entitled to a certain profit margin, and they'll change the rules where they see fit.
They're already getting paid for these accounts on the merchant side, who passes the cost onto the customer anyway. So what banks are doing is double dipping and charging twice for the same service. Yeah, poor them, offering people a service for a nominal fee.
> Get a good job. Rent. Save up. Maybe you'll eventually save enough to buy a house with cash.
Or I could buy a house now, and pay someone for allowing me to tie up their cash for three decades.
I like how home ownership is s#at upon, but my fixed mortgage on my 3 bedroom condo is fixed and runs me less than what rent would have cost me. There ain't a landlord that will raise my rent just because the neighborhood got gentrified and tell me to hit the bricks if I refuse. And in 20 years of paying less than a comparable, I own a piece of property outright. That gives me many options, such as lines of credit, a reverse mortgage, passing it down to kids, renting it out while I go live in a lower cost area.
It isn't an area to speculate and invest for most people -- you'll likely get richer putting money on the indexes -- but I don't see how it's some sort of a dream that was sold.
I don't see how the parent was wrong. People will still have to put their money somewhere, and unless the government separates depository institutions from financial services, it will likely go back to the same system of selling insurance, money management, and all kinds of other services to their customers.
I have a simple savings account and get called all the time by HSBC, even as recently as a few months ago, to let them invest it for me. These are the same banks that were recommending securities to their customers they themselves were shorting. A lot more money in that than depository accounts and overdraft fees, which are being regulated now.
Don't worry, people have been despising BoA for years. I'm sure there are droves that left the bank much earlier and got even less notice than when you did it. They were probably even seen as a bit odd as why would one hate a bank?
But doesn't the fact that most banks aren't following BoA with fee increases indicate that the customers can still vote with their wallets and regulation isn't necessary? And it was regulation that pushed these banks to try to nickel and dime its customers in the first place. I don't think the government is smart enough to stay ahead of banks, even if they wanted to. What lawyer will work for the government when they could be making ten fold in the public sector.
Well, if your purchases have 50% tacked on them in interest, then you probably should cut your cards up as they're clearly not for you. But most of us can use credit cards responsibly and not pay a single cent in finance fees, aside maybe from a missed payment once in a long while.
> So what will happen to all those companies if google flips a switch tomorrow and all phones provide better search results?
They would have long sold out to someone and the founders moved on to something else.
You could view it as abusive language, or you could view it as passionate disapproval. Using strong language is a legitimate way of conveying just how strongly you feel about something, and if you're on the receiving end and looking for real feedback (and not getting defensive or have thin skin), then a comment like this *would* serve as valuable feedback.
And you can say for a fact that you've never exceeded the limit? How about when you go over a crest and the momentum tis you 3mph over? Game over, ticket. Right, so now you'll be so paranoid that you'll either drive 5 or 10mph under, or will constantly be watching your speedometer. Yeah, much safer. Make people fall asleep from the boredom or force them to take their eyes off the road.
Except that you as a consumer are thrown into the ring unknowingly, and every 5th or 6th punch thrown lands on your chin.
I never understood why everyone switched to widescreen laptops. Got a T61 as IBM's last 3:4 model. But I did get a W500 as a desktop replacement, and it was fine on the desk, I guess, but I hated it as a laptop. Got a used T61 and the W500 has been under my bed for a few months now.
Some of them did have the IBM logo on the clamshell, while having Lenovo's new "Thinkpad T series" label on the palm rest.
Best I could find out was that those were sent to business customers, and the Lenovo branded stuff was sold to regular consumers. For some reason, I got an IBM branded one when I ordered direct from IBM/Lenovo. Not complaining, though. My other T61 has Lenovo's "Thinkpad T series" on the clamshell and palm rest.
Probably by his parents? If you're going to rant, shouldn't you at least find out the facts?
Ron Paul's argument is that colleges are expensive because of the subsidies. No one today can argue that the cost of college has skyrocketed. And his point is that removing these subsidies will reduce those prices, allowing people to get an education without putting themselves in debt for hundreds of thousands.
Student loans are currently facing the same bubble that housing faced a few years ago. There are increased defaults, companies are securitizing loans, investors are speculating. This is your optimal situation? I doubt this has to do with 'i got mine', especially with Ron Paul involved.
Good thing that we have parents to see past the marketing.
Oh wait, we have parents that don't even know the basics of food feeding their kids Sprite for breakfast. But it's still the fault of big business.
Yeah, I've watched it since it started (listened to Carolla's radio shows like Loveline, AC Show, and now his podcast), and even when it was 1 hour in length, their discussion was compressed too much, like the 0-60 segment. And IIRC, there was a music bed underneath too. SPEED has nothing to air anyway, why are they rushing things.
And TopGear USA has gotten slightly better, but they still just do what TopGear did years ago, and the guys don't have the charisma to make it interesting.
Talking about different devices is irrelevant because the discussion is about dual booting on a single device.
The Car Show with Adam Carolla is not too bad. They just compress it too much, and any insightful stuff they might say, is cut down by an order of 10. That's the real problem with US TV: all focus is on making room for commercials.
Yeah, as if PBS in the US didn't throw off a show it didn't agree with ideologically, like that Wall Street Journal show from a few years back.
So you then have to mirror all your settings and documents across two separate OSes. I'd pass too, as I passed on dual booting Linux with Windows. I just chose one over the other.
What about a candle light app that was featured prominently in Steve Jobs wakes?
Are they free? Is allowing a company to read your email and make money off of you with direct advertising cost free to you?
http://en.wikipedia.org/wiki/Hyperbole