Democrat's Love The Little GuyFollow

nobody like a pedant

Fine, you nailed me. I forgot that one bank was considering it. Probably because it's an entirely forgettable fact, but you got me.

My bank (credit union) is a smaller local one. They don't charge me fees for anything. (No, I don't have a credit card, only debit). I haven't ever used another bank or credit union. I do remember when I was in high school my father had a Debit card from Discover I think it was, through his bank. Something between Wal-mart and the card company made Wal-Mart no longer accept the Discover debit card to be used as a Credit card, you had to use it as a Debit.

This has since changed, and you can use it as a debit or credit. My father said something about fees to the retailer on a debit card being less, made up for by usage fees to the user. So when you used a debit card as a credit card it cost the retailer more. Is it normal for there to be fees for debit card usage to the user? Because my credit union and my dad's bank never charged fees for debit card usage, and I have not been exposed to the rules of other banks.

What's that? I couldn't hear you over the sound of you being a massive tool who just smiles and nods at everything the banks tell him. The funniest part being that you agree that the banks will squeeze every penny out of you that they can and yet you STILL believe them when they say "Golly, we just just HAD to raise those rates again... what a shame huh?" and then go off blaming the Democrats for it.

"Huh-Yup! Huh-Yup! Banks say it was da Dems who made them jack up their rates! Gotta be true! Gotta be true!"

Edited, Mar 10th 2011 11:07pm by Jophiel

None at all which is why I find it so funny that you actually believe the banks when they say this legislation is making them jack up rates and place other (money-making) onuses on consumers.

You mean, besides this?
By that, you DID mean that this money-grab was a "bad side effect", right? Because if we both agree that they'd be making this same money-grab regardless, your comment that this was a "bad side effect" would be pretty meaningless. Personally, I look at 20+ years of banks significantly jacking up rates and think "business as usual". You look at this event and say "Tee-hee! This is the predicted bad side effect of this Democratic law!" Which makes you a pretty large idiot to be buying into the banks' line about why this is happening but then being a pretty large idiot who believes whatever he's told is kind of your bread & butter.

You realize that this wasn't the entire regulation bill right? And that this is a change that your vaunted "small businesses" and other retail markets were asking for; not explicitly something to protect the "little guy"? And that this is, over all, a pretty small aspect of the legislation primarily created to avoid another near banking collapse and meltdown?

Of course not. You thought it was all about this and stopping those crazy profits! But hurry up and Google something while you try and cover for it!

Incidentally, I just looked and you, for one, never said peep about there being any such "bad side effect" to the merchant rates provisions in this bill. Your "predictions" seem pretty ex post facto.

Edited, Mar 11th 2011 5:21pm by Jophiel

You wait for something to come up and then lie, claiming that you always knew it would?

No, there's no doubt about that at all.

I'll tell you what. The bill amendment regarding merchant fees passed in May 2010. Now the threats from the banks started in Nov/Dec 2010 so you find me a couple cites for conservatives saying this was going to happen from April-June 2010. Sound good? To save you time, I already searched Heritage Foundation, NRO and Hot Air by date and they all came up dry. Closest anyone gets is ******** about how ATMs are irrelevant these days. Here's a completely generic "The banks will pass on costs!" rant from July which fails to mention merchant fees at all but I suppose if you're absolutely desperate you can try to pretend that it applies.

But you keep saying "We always knew it! Always!" so now is the time for you to back this up or admit that you're full of shit. Or (more likely) just keep dodging backing it up and admitting you're full of shit by default. Whichever.

Edited to clarify what happened in May. The bill was passed/signed in July

Edited, Mar 11th 2011 5:49pm by Jophiel

So no cites, huh? Thought so.

Hahahahaha... you're so predictable.

Edited, Mar 11th 2011 7:18pm by Jophiel

Hahahaha... sure you were. Granted, everyone ELSE was talking explictly about the merchant fees and effects they'd have on debit cards and you came in speaking specifically about the debit cards and saying "I knew it! Haha!" and then when asked...
...you responded...

...but it was NEVER really about THAT part of the bill! No, it was always about some OTHER part!

Hahahahahahahahahahaha....


Seriously, is there some cute girl on the forums or something you're desperately trying to impress? Because most people would have given up out of shame by now.

Right, right. Look, I'm sure you believe you and that's really the important thing.

As before, I don't need you to admit that you were wrong, I just need to show it to everyone else. But I thank you for making it so easy. But, oh yeah! No, you TOTALLY called this happening way back when. Honest! Good job...?

Hahahahaha...

I'm paid by the character.

Or they could adjust pricing slightly across the board to cover those fees. You know, like they do right now.

Or they could adjust pricing slightly across the board to cover those fees. You know, like they do right now.

Yeah, thanks. Let me know when the point catches up to you, if that ever happens, and you decide not to just repeat yourself more forcefully. Although, honestly, the chance I'll check this thread again is fairly small, so you may not want to bother thinking about it too hard.