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All true, but you can't regulate away bad decisions. By attempting to do so you just make the next scheme even more disgusting.
by Touche 11y ago
All true, but you can't regulate away bad decisions. By attempting to do so you just make the next scheme even more disgusting.
- logicchains 11y agoYou can't regulate away bad decisions, but you can regulate away the consequences (by shifting them onto the wider population). Not that I support this, as I believe it unfairly penalises people who make good decisions, but it's certainly possible.
- maehwasu 11y agoChallenge accepted. I am going to regulate this problem away. New proposed regulation: 1. Banks must make rejection of a charge, rather than overdrafting, the default. 2. When overdrafting is enabled, cap the fees at some amount (say, $5), and also cap the amount the account can be overdrafted at, say, $50. Looks like a pretty disgusting scheme to me. /sarcasm
- Swizec 11y agoFunnily, that's how it works in Europe. Or at least anywhere in Europe that I've had an account.