Obama To Wall Street: "I Do Think At A Certain Point You've Made Enough Money"

[Safetyhit]

Be responsible, get a rewards credit card and pay it off at the end of the month. Get the rewards and pay no fees.

Obama the idiot and his stupid remark aside...while you offer good advice you must have missed most of what HK wrote. It's not about the card with the most rewards, it's about a system that is often intricately designed to trip a person up when they either make a simple mistake or even worse are struggling financially.

As a supporter of Capitalism, I can't imagine wasting one keystroke to defend such blatant, sneaky, greedy crap.

[HK51Fan]

Don't spend money you don't have.

Be responsible, get a rewards credit card and pay it off at the end of the month. Get the rewards and pay no fees.

That's your answer? I'm not talking about myself. I'm talking about the way debit cards are set up.....and yeah buddy a lot of people are living check to check in this economy, they don't need someone trying to screw their accounting up and then hit em with a couple hundred dollar charge. If you're going to respond at least be knowledgable or you're gonna sound like an asss.
From back when I was a branch manager 8yrs ago I would hear these stories, and in my experience, most of the time it was younger people trying to do the right thing and the average actual overdrawn amount were for less than 50.00 dollars, but the average ovedraft charges were greater than 300.00 dollars....WTF?

[ZDL]

***********

[glocktogo]

While I think anyone in America should be able to make as much as they can, I'm disinclined to feel sorry for the Goldman Sachs types when they went hat in hand for our money to bail out their shitty deals. I love how defensive they got before Congress when they invited this scrutiny upon themselves. Apparently they failed to take that into consideration along with all the other risks they failed to appreciate.

**** em' is what I say.

[VooDoo6Actual]

insults most people's intelligence and I find it disgusting.

[variablebinary]

Don't spend money you don't have.

Be responsible, get a rewards credit card and pay it off at the end of the month. Get the rewards and pay no fees.

That is not a problem.

The problem is companies that issue credit dont want to eat losses. They love to profit, but hate to lose.

If you loan out a shit load of money, and no one pays, you go out of business, and someone either buys your debts hoping for a profit, or lots of people get a free home because their debtor doesnt exist anymore.

That is what should have happened. Instead, that chimp Bush, and the buffoon Obama thought it was a good idea to bail out business entities to which they have strong political ties.

It's a scam. Our government is overrun with gangsters and crooks.

[SHIVAN]

The very fact that they believe that they can knock on the Treasury door and expect to get funds for losses means we've failed pretty hard as a country.

I can't blame them though, they were flat out told to make more credit available by our federal government. Which implied that the government would back them if that credit went stale. It did, so they asked for the implied protection that was offered.

[RancidSumo]

That is not a problem.

The problem is companies that issue credit dont want to eat losses. They love to profit, but hate to lose.

If you loan out a shit load of money, and no one pays, you go out of business, and someone either buys your debts hoping for a profit, or lots of people get a free home because their debtor doesnt exist anymore.

That is what should have happened. Instead, that chimp Bush, and the buffoon Obama thought it was a good idea to bail out business entities to which they have strong political ties.

It's a scam. Our government is overrun with gangsters and crooks.

Or the third and best option is you repossess their shit. If they don't pay for it they don't get to keep it.

[Aray]

That's your answer? I'm not talking about myself. I'm talking about the way debit cards are set up.....and yeah buddy a lot of people are living check to check in this economy, they don't need someone trying to screw their accounting up and then hit em with a couple hundred dollar charge. If you're going to respond at least be knowledgable or you're gonna sound like an asss.
From back when I was a branch manager 8yrs ago I would hear these stories, and in my experience, most of the time it was younger people trying to do the right thing and the average actual overdrawn amount were for less than 50.00 dollars, but the average ovedraft charges were greater than 300.00 dollars....WTF?

You're right. My lack of knowledge of the banking system, bundled mortgages and credit default swaps was evident.

We are all victims and need to be protected.

Posting in GD indeed made me look like an ass.

[RancidSumo]

That's your answer? I'm not talking about myself. I'm talking about the way debit cards are set up.....and yeah buddy a lot of people are living check to check in this economy, they don't need someone trying to screw their accounting up and then hit em with a couple hundred dollar charge. If you're going to respond at least be knowledgable or you're gonna sound like an asss.
From back when I was a branch manager 8yrs ago I would hear these stories, and in my experience, most of the time it was younger people trying to do the right thing and the average actual overdrawn amount were for less than 50.00 dollars, but the average ovedraft charges were greater than 300.00 dollars....WTF?

Thats too bad but nobody made them spend more money than they had and they agreed to the conditions when they got the card.