this post was submitted on 27 Mar 2025
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328
Republicans Vote to Let Banks Screw Over Working Americans (www.rollingstone.com)
submitted 3 months ago by return2ozma@lemmy.world to c/news@lemmy.world
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[–] treadful@lemmy.zip 36 points 3 months ago (5 children)

I remember when I was living with my head barely above poverty in my 20s. All the banks had $30 overdraft fees (probably equivalent of $50 with inflation) that would be charged for every offense.

So if you weren't paying perfect attention to your accounts balance and or got hit by an unexpected charge you were completely fucked. Then when my paycheck lands, I'm already $30-90 under the water for no reason. And then I'm that far below for that entire week making it far more likely I'd get hit with that charge again by the end of this week.

The bank even refused to even turn overdraft off and just refuse charges. I spent many periods of months or years paying my bank like $200/mo for no reason other than I couldn't get out from under these charges.

Fuck banks.

[–] FringeTheory999@lemmy.world 8 points 3 months ago

And back then the banks would re-order your transactions to maximize fees. So if you had 180 bucks in your account and you had pending transactions that were 3, 6, 10, 15, 5, and 165, the would change the processing order to 165, 15, 10, 6, 5, 3. That way instead of one overdraft fee you be charged four overdraft fees.

[–] curiousaur@reddthat.com 5 points 3 months ago

I had a paycheck bounce once. Bank of America retroactively applied a $30 fee to every transaction I had made in the three days since depositing it. My balance went from like $800 to -$2000 instantly.

[–] Pacattack57@lemmy.world 1 points 3 months ago (1 children)

The way you get out is cancel your bank account a receive paper checks from your job. Then you take those checks to a service that exchanges it for cash. Yes there is a fee but it beats paying $50/week in Overdraft fees

[–] treadful@lemmy.zip 1 points 3 months ago (1 children)

Then you lose all access to the Visa/MasterCard network which is basically required for most bills.

Or worse, you risk getting robbed of your whole check by your roommates friend.

Life without a bank account was hard then. Probably harder now.

[–] Pacattack57@lemmy.world 0 points 3 months ago* (last edited 3 months ago) (1 children)

Go to Walmart and buy a visa gift card. They max out at $500 which is plenty. You’d pay for it in cash.

[–] treadful@lemmy.zip 1 points 3 months ago (1 children)

They didn't exist at the time of my story. But also, I've had money swallowed by them since then, and they aren't reliable for recurring bills. There's some other weird restrictions and fees on them as well.

So still not a replacement for a bank account. Stop acting like living without one is an easy thing.

[–] Pacattack57@lemmy.world 1 points 3 months ago

It’s not easy. Living in poverty is never easy. However losing $150/mo on fees is detrimental to anyone. You have to pick your poison on these things. I’ve been there and I acknowledge it isn’t easy.

[–] disguy_ovahea@lemmy.world 32 points 3 months ago (2 children)

Dems need to filibuster every last bill in the Senate.

[–] nick@midwest.social 19 points 3 months ago* (last edited 3 months ago) (1 children)

Once they grow a fucking spine, maybe. So probably like the year 2059 or so.

[–] disguy_ovahea@lemmy.world 11 points 3 months ago* (last edited 3 months ago)

Have you not been watching the videos of the floor, confirmation hearings, or investigations? The majority of them have finally started to use their voice. I’m hoping this continues.

Regardless, people need to actually vote in the goddamn primaries and midterms if they want change. An average of ~20% voter turnout in primaries and midterms is exactly why things remain the same.

[–] TheMadChatter@lemmy.ca 2 points 3 months ago

We need disruption, we get fucking ping pong paddles and pink shirts instead. The Dems are a joke

[–] Apricot@lemm.ee 27 points 3 months ago (1 children)

Republicans despise working-class Americans, it couldn't be more obvious.

[–] sik0fewl@lemmy.ca 3 points 3 months ago* (last edited 3 months ago) (2 children)

Americans voted to screw over working-class Americans, don't fucking try to kid yourselves.

Super convenient to pass the buck even when you get what you voted for.

Edit: Sorry, disgruntled Canadian here. But I did mean what I said.

[–] Etterra@discuss.online 3 points 3 months ago

It's even worse than that. Americans were too lazy, stupid, and gullible to stop it. So many people just punch whoever the (R) candidate is in their ballot, if there's even an option not to. They don't even know who they're voting for or understand the facts about what everyone's talking about. The average voter doesn't even know that tariffs against another country are a tax on us all, for example. Never mind the fact that it's the most basic economic idea of "if the manufacturer pays more then they'll charge you more." There ones with opinions usually just swallow whatever bullshit that Fox spoons into their mouths; conservative minds are programmed to accept on faith whatever the guy at the top says as gospel, the obvious religious analogy being part of said training.

[–] Montreal_Metro@lemmy.ca 19 points 3 months ago

Working Americans voted (or not voted) to screw themselves.

[–] Joeffect@lemmy.world 18 points 3 months ago (1 children)

Big win for Wells Fargo, they probably asked nicely... To Help them buy the post office

[–] expatriado@lemmy.world 3 points 3 months ago

going back to Pony Express?

[–] fox2263@lemmy.world 15 points 3 months ago (3 children)

How do average republican supporters spin this as a good thing?

[–] T00l_shed@lemmy.world 8 points 3 months ago

Cognitive dissonance? Olympic level mental gymnastics. Massive head trauma?

[–] RagingRobot@lemmy.world 7 points 3 months ago (1 children)

They will never hear about it

[–] MojoMcJojo@lemmy.world 5 points 3 months ago

I 100% believe this is one of THE reasons there's so much divide. No one is being told the whole picture, ESPECIALLY Fox News consumers. You have to dig for the whole story

[–] j0ester@lemmy.world 5 points 3 months ago

Donald: I love the uneducated!

[–] PattyMcB@lemmy.world 10 points 3 months ago (1 children)

Don't they already fuck us over? They get bail-outs and we get bankruptcy for medical bills...

[–] phdepressed@sh.itjust.works 6 points 3 months ago

Oh yeah, Republicans want to add medical debt back to credit reports.