Smitty-48 wrote:Well I'm certainly as wary of bankers as the next guy, but even as an uneducated high school drop out, I haven't found it to be particulalrly daunting to analyze the complexity to draw concise and relevant conclusions in order to exploit banking to my advantage, you can shop around and haggle for your supper, credit is actually a rather broad and deep market with a wide selection of products and services to fit almost every need.
It's not that simple. Contractors, for example, have to pay their workers at the end of the week or the workers walk. They get paid, however, in a such a way that they don't have much time between payment and when their workers are to receive their pay. Cashing a check at a bank involves a period of time to clear a check due to the banking system that the contractor cannot afford. So he goes to the check cashing place, pays an upfront fee, and he converts his check to cash so that he can pay his workers right away.
Bank fees also are often hidden and arbitrarily applied. Banks like to fuck people over with the "overdraft protection" scam that people can't even opt out of in some cases. Then, if some transaction does exceed the amount, the bank will go back and reoorder all the transactions to maximize fees, even though it may have only been one transaction that went over the limit. A pre-paid debit card from a cash checking place does not do this. If a transaction is over the limit, it's denied.
These payday lenders and check cashers exist precisely because banks fail to serve the public. If you want to go after somebody, go after the bankers. Those are the real financial hoodlums.
