Comments on: The connection between airport security and credit cards http://blogs.reuters.com/felix-salmon/2010/03/21/the-connection-between-airport-security-and-credit-cards/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: mattmc http://blogs.reuters.com/felix-salmon/2010/03/21/the-connection-between-airport-security-and-credit-cards/comment-page-1/#comment-12967 Sun, 28 Mar 2010 12:59:50 +0000 http://blogs.reuters.com/felix-salmon/?p=3026#comment-12967 I think a lot of bank fees are the legacy of checking accounts, where passing a bad check was a form of fraud. The current fee structure should be reformed.

Simply trying to take out money when there is none there should be charged, but it should be on the scale of the failed transaction, since there is no one else to pay that fee.

Regulation that forces banks to make their terms clear is vastly preferable to setting dollar limits. Then good banks can compete on fees.

A simple chart explaining what happens when your account is overdrawn is key to making that market work.

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By: CalmRising http://blogs.reuters.com/felix-salmon/2010/03/21/the-connection-between-airport-security-and-credit-cards/comment-page-1/#comment-12884 Wed, 24 Mar 2010 20:26:27 +0000 http://blogs.reuters.com/felix-salmon/?p=3026#comment-12884 Wait a minute, if banks take money away from people who can’t manage it, then they won’t have it to lose to the State in the lottery, so that it can be redistributed back to them with a haircut, so that they can lose it again.

On the other hand, they might, like, save it, which would shrink the money supply and prevent us from propping up GDP by moving demand forward. Better to give it to a bank so they can leverage it 12:1 on securitized debt.

I guess it doesn’t really matter, as long as we all understand the point, which is under no circumstances should we allow the economy to be based on people making their own decisions and facing the consequences. That crazy Adam Smith stuff is so centuries ago.

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By: TinyTim1 http://blogs.reuters.com/felix-salmon/2010/03/21/the-connection-between-airport-security-and-credit-cards/comment-page-1/#comment-12841 Tue, 23 Mar 2010 13:26:12 +0000 http://blogs.reuters.com/felix-salmon/?p=3026#comment-12841 Felix – the TSA vs. banks is a terrible analogy.

“Some people don’t keep a solid grip on their finances… but it doesn’t make it your fault…”

Unless you believe that people aren’t responsible for their actions, you are simply wrong.

Some people (a tiny minority), through no fault of their own (death, unemployment, illness), have their finances thrown into disarray. Others (the vast majority) are lazy, greedy idiots.

I am perfectly happy for the lazy, greedy idiots to continue to subsidize my free checking.
The banks have to use small print to achieve that, fine.

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By: Story_Burn http://blogs.reuters.com/felix-salmon/2010/03/21/the-connection-between-airport-security-and-credit-cards/comment-page-1/#comment-12834 Mon, 22 Mar 2010 16:21:28 +0000 http://blogs.reuters.com/felix-salmon/?p=3026#comment-12834 I can’t wait for the foot scanner to get into place. I hate taking off my shoes in line

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By: HBC http://blogs.reuters.com/felix-salmon/2010/03/21/the-connection-between-airport-security-and-credit-cards/comment-page-1/#comment-12833 Mon, 22 Mar 2010 16:06:19 +0000 http://blogs.reuters.com/felix-salmon/?p=3026#comment-12833 The flight to Analogy City is now boarding.

Please do not keep a solid grip on your liquids or personal items. Unattended balances will be confiscated. All non-first-class travelers have been rebooked stand-by on America West…

For the ultimate experience in air rage, simply add CNN Airport Systems.

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