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Banks need it /s
(lemy.lol)
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this post was submitted on 25 Jan 2024
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Megan McArdle is the dumbest bitch in the world. I refuse to click on anything she writes because her shitty takes don't deserve views. She's actually a big part of why I unsubscribed from WaPo (that and the whole neolib vibe) because I want zero of my dollars benefiting her.
I have no desire to read but I bet her argument comes down to "if they don't have overdraft fees then they will go into deeper debt by overdrafting more and that is worse somehow"
All the extra debt they get could have been bank fees, why don't you think of the starving CEO's, else they can't afford their Beluga Caviar and Dom Pérignon dinners.
Usually the defense behind banks 'allowing' overdrafting is that surely you wouldn't want to miss paying a bill because your paycheck hasn't landed yet. So the argument here would probably be if you cap overdraft fees, then banks won't allow overdrafting anymore and then poor families will have their electricity shut off and get evicted.
So the argument is essentially if the poor don’t have overdraft fees, someone else like the middle class will have more fees?
I cancelled my wapo subscription over similar. Glad to be rid of them honestly.
Grandma Lauren Boebert exists, you know
You know what, let's just go ahead and say there are many, many dumb bitches (men included) in the Republican party who are constantly fighting for the crown.