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.

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.

“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.

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.