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DONE_SONZ » Comments » BAC

  • The Scandal of Overdraft Fees [View article]
    I didn't do it on purpose.I forgot a transaction or two.


    On Jul 03 11:08 AM $ John Galt wrote:

    > I don't like the idea of paying a 26 dollar fee so I do my best to
    > never have to. I don't like the high rates credit cards charge so
    > I pay mine off at the end of the month and actually make money via
    > rewards programs.
    >
    > In the old days, people used to buy things in cash. If you didn't
    > have the money, you saved up to buy something. Today, people don't
    > save up and wait... they charge it. Credit cards can be a very VERY
    > dangerous thing as you have compound interest working against you.
    > I wish more people understood this basic fact. Maybe high schools
    > and colleges should have a basic economics/finance class instead
    > of an extra art/humanities class.
    >
    > Calling it a tax on the poor seems unfair. Call it a tax on the stupid...
    > or at least careless.
    >
    > I do like the idea of charging a percentage on the overdraft, but
    > if these fees really annoy people, then don't spend money you don't
    > have. In effect, the bank is lending you money and they aren't going
    > to give you a loan on the cheap.
    Jul 03 20:41 pm |Rating: +4 -4 |Link to Comment
  • The Scandal of Overdraft Fees [View article]
    BAC lets you do it over and over again with your debit card.You would think it would just get declined.$25-$30 a pop.
    Jul 03 08:39 am |Rating: +5 -2 |Link to Comment
  • The Next Major Financial Crisis  [View article]
    -Bloomberg News, adding that the country may need a second stimulus package to pull out of the current spiral. "The recovery really hasn't gotten going."-we need a shot,not a drip tube like we are getting.
    Jun 28 10:36 am |Rating: +9 -9 |Link to Comment
  • The High Cost of Carry Trades and Their Impacts on the Markets [View article]
    If you want to be short a stock you have to borrow it. That has to be done before you get short if you plan to put a position on for a while.-No mention of naked short selling?Thats what really causes the problems.
    Jun 17 16:43 pm |Rating: +1 0 |Link to Comment
  • Ignore the Investment Advice You Hear on TV [View article]
    You have to put in your own work in the marketplace.Suggestions and opinions are just that.Be careful of them when it comes to money.Have an understanding of the market and know the present and past news and try and predict the future news.Carve your own path.
    May 20 08:44 am |Rating: +8 -1 |Link to Comment
  • More Outrageous than Bailout Bonuses? Nonstop Printing of Money [View article]
    Got gold?!
    Mar 19 06:13 am |Rating: +7 -1 |Link to Comment
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