“US can dismantle ‘too big to fail’ firms”
Thoughts?
It’s the Obama deception lol
but srsly that is pushing the line on too much government control.
ya, that’s kind of scary
Just another clue of obama’s true plans :tup:
so let me get this right… you don’t want them to get bailed out and you don’t want to stop them from putting themselves into a position that makes them too big to fail.
so you would like what exactly to happen here?
Nothing that I have read on this is that crazy… it’s just a restructuring requirement.
Dude, your political posts are always this same stupid shit. Come up with a new line or STFU.
People don’t realize from the Great Depression until 1999 we had a MUCH more restrictive regulatory act on banks than this. It was called the Glass-Steagall act. It prevented the kind of shit we saw last year. It was ended by Citi and St Paul Travelers when they basically went ahead with an illegal merger and challenged congress to change the law or risk their wrath. Look what happened. This is a good thing, and that’s coming from someone that works for a huge international financial.
:roll2:
:massmoon: Joe you know me, I just like being a dick!
But you work at a bank, What you think about him trying to regulate banks so they can only charge 6 overdrafts fees a year? Pretty dumb considering how so many poeple don’t keep track of their bank balance :smash2:
But yes, if used properly, this might not be bad :sword:
Word. I just hate how Fox News has people yelling “socialism” every time the government tries to do ANYTHING. If they repeat a lie enough times, people start to believe it. See “Death Panels.”
Overdraft fees are the biggest scam in the business. Nothing like a 30 cent overdraft that turns into hundreds of dollars in fees. There’s no reason for them to be that high other than to be predatory on poor people. I think requiring people to opt-in to overdrafts on ATM/debit cards is a huge :tup:
do they name any of the companies that they’re talking about?
I would look at C, BAC, JPM, WFC, GS, and MS as your first 6 potential targets.
on the overdraft fees, (from what I remember) only relates to fees spent using bank cards and not a limit on writing checks.
Lets say you something went wrong in the background and you went negative in your checking account. you go around town and make ten transactions with your bank card (all of them very small). you now have hundreds in fees. why didn’t they just deny you since it obviously is not worth getting a pack of gum for $65
such a scam.
Burn Grahm-Leach-Bliley to the fucking ground, bring back Glass-Steagal. Don’t regulate the size of financial companies, regulate what they can do.
They appear to just be making things messier.
definitely had a ‘post’ on our home page about it yesterday that asked us to contact our senator. a different one about it today too.
Citi is already really dismantling itself every day guys. Selling assets left and right, firing people, just to make the balance sheet show any kind of a profit at the end of the quarter.
I feel bad for the employees who had $50/share stock in 2005ish, now its worth 4 bucks…
Yea I’ve never watched Fox News so I didn’t even know that. I don’t like Obama, but that doesn’t mean I don’t agree with somethings he is doing. Some poeple need regulation and him going for cleaner emissions is good. Their are many other goods he has done too!
:bigclap:
Yes some banks our evil with ODs, but my bank doesn’t charge an OD fee for a $5 or less negative balance and they limit the amount of OD fees they charge a client to 4 a day, which could be bad, because I’ve seen business clients OD like 20 times in a day and then their account charges off. :hang: Those poeple will always be around though.
We’re not cut throat like some bank appear to be, we’re willing to hear out poeple and go halfs and even full refunds depending on the situation and if they are not repeat offenders! All this from the 8th largest bank in the US!
Now with debit cards, that is touchy. If Visa lets it go through at the point of purchase, the bank has no choice then to pay that item even it’ll put an account in the hole major. If they return visa purchases, they could loose the contract with visa or get fined from them.
It is hard for the bank to keep up with purchases on the sameday, but in this case, the next day once that bank sees your way in the negative they will temp block your card. It’s hard because all merchants are different, Some charge ur card right away and some take up to 3 business days. It is really tricky. If you use your debit card alot, you really should keep a ledger or maybe just use credit and pay it off every month. Now if all those where caused by an unauthorized transaction then by all means your intittled to all of your fees back!
Don’t be scard to goto your bank and atleast see what your options are.
Also people sign up for OD protection, if you have a credit card, you’ll most likly be allowed a small credit line for Overdraft protection!
I’ve personally never overdrawn my account, so I can’t say I know how you feel.