http://groups.google.com/group/misc.consumers.frugal-living?hl=en
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Today's topics:
* ccleaner - 1 messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/t/c02b82a17e67ba79?hl=en
* Folks, this is a real depression, protect your assets - 12 messages, 6
authors
http://groups.google.com/group/misc.consumers.frugal-living/t/cb1cc803cf7130ab?hl=en
* Real Estate Inter/Nationalization, effective as of 08.08.08 (www.grishenkoff.
com/Realty.html) - 1 messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/t/fe2bd7bda3dfe136?hl=en
* 533,000 Jobs Lost While Feds Import 140,000 Foreign Workers! - 1 messages, 1
author
http://groups.google.com/group/misc.consumers.frugal-living/t/a1526898a9ebc1d2?hl=en
* Get smart, GM bailout is not about jobs, etc, it's about bankers. - 2
messages, 2 authors
http://groups.google.com/group/misc.consumers.frugal-living/t/d00410fd4b650416?hl=en
* How Odin Became Santa Claus: Symbolism and Pagan Origins of a Gift-Giving
Saint - 1 messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/t/915677537a9d5af4?hl=en
* overdraft - 4 messages, 4 authors
http://groups.google.com/group/misc.consumers.frugal-living/t/338ed10d1ea2929c?hl=en
* www.king-trade.cn > , Spyder hoody, Spyder t-shirt, Spyder jeans, - 2
messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/t/5546e8c56fd4d7cf?hl=en
* new york jets JERSEYS, new york jets, jersey carolina panthers jersey, retro
nfl jerseys, brett keisel jersey, discount nfl jerseys, matt forte jersey, nfl
youth jerseys, kevin boss jersey, wholesale jerseys, - 1 messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/t/9f459076e40be24f?hl=en
==============================================================================
TOPIC: ccleaner
http://groups.google.com/group/misc.consumers.frugal-living/t/c02b82a17e67ba79?hl=en
==============================================================================
== 1 of 1 ==
Date: Wed, Dec 10 2008 1:12 pm
From: "NotMe"
"clams_casino" <PeterGriffin@DrunkinClam.com> wrote in message
news:Noa_k.54$Xt.3@newsfe13.iad...
: Is anyone familiar with http://www.ccleaner.com ?
:
: Any concerns? I'm always hesitant about free software, but someone
: suggested this one.
I do a lot of pro bono support. (folk have no money for extras) and have
been using CC for years with absolutely NO PROBLEMS with either the software
or technically challenged clients (I do the set up they do the click and go
part)
==============================================================================
TOPIC: Folks, this is a real depression, protect your assets
http://groups.google.com/group/misc.consumers.frugal-living/t/cb1cc803cf7130ab?hl=en
==============================================================================
== 1 of 12 ==
Date: Wed, Dec 10 2008 1:21 pm
From: "Dave"
>
>> Obama is talking about employing millions of people building roads and
>> bridges. I don't think it will help. But assuming for a moment that it
>> would help... (just for the sake of argument)
>
> He's not restricting it to roads and bridges.
>
>
>> Are there currently millions of U.S. Citizens, unemployed, with job
>> skills
>> of building roads and bridges and that's all they know how to do? If
>> NOT,
>> then this plan is shot all to Hell before it even gets started, whether
>> it
>> would help or not.
>
> Only if his plan is as badly thought out as your caricature of it.
>
Oh, excuse me. I forgot, he's not JUST rebuilding roads and bridges. He's
going to install CFLs in government buildings, remodel school buildings,
foster development of broadband Internet access to remote areas, and get
hospitals to share records over that Internet. Oh yeah, that is soooooooo
much more than just rebuilding roads and bridges.
How any of this is going to attract new private employers to locate in the
U.S. is a mystery to everybody but Obama, apparently. -Dave
== 2 of 12 ==
Date: Wed, Dec 10 2008 1:21 pm
From: Jeff
Dave wrote:
>>> It will cost my family at least $23,000 in extra (note EXTRA) taxes.
> How
>>> much will it cost your family?
>>>
>>> That much is DONE already. That was long before all these other bailout
>>> proposals, currently totalling about 8 Trillion (borrowed principle
> amount),
>>> last I heard. It seems to be increasing by hundreds of billions a week
>>> though. How much will your family have to pay for say, 10 trillion
>>> principle, which will cost about 20 trillion or more with interest?
> HAVE
>>> YOU DONE THE MATH???????????????????????????????????????????? -Dave
>> Oscar Wilde said a cynic is someone who knows the price of everything
>> and the value of nothing. That mantle has been passed to the
>> mouth-breathing conservatroids.
>>
>> --Jeff
>>
>
> OK, tell me then...how much value is your family going to get from the
> ~$300K in EXTRA taxes that your government is going to assess to your
> family, with your apparent blessing? -Dave
There is a time to borrow and there is a time to payback. You don't
seem to have come to grips with that basic concept. Very little can be
done without borrowing, and then paying back later.
Your plan only accelerates the slowdown. Even noted conservatives have
pushed for a stimulus. In fact, your plan is identical to Herbert
Hoovers. Now, it would be better if the deficit wasn't already high, but
that is a problem that will have to dealt with later.
It's W fault that the deficit has exploded, he should have paid it
down. No doubt you thought all those unfunded tax cuts were a great idea.
Your figures are faulty, btw.
Jeff
>
>
>
== 3 of 12 ==
Date: Wed, Dec 10 2008 1:31 pm
From: Jeff
Jeffrey Turner wrote:
> lisajoe@privacy.net wrote:
>>
>>
>> Evergreen State College professor Alan Nasser has this to say:
>>
>> Both the United States and the world economy are experiencing the
>> worst economic
>> crisis in the history of capitalism
>
> I don't think things are yet to the point of the Great Depression.
>
>> and the first truly global crisis in the
>> history of humanity.
>
> What about the Great Depression?
>
>> the current spasms of the economy, including rapidly
>> rising unemployment, raising bankruptcies and foreclosures, declining
>> wages and
>> salaries, the hemorrhaging of credit, declining consumption a barely
>> function in
>> banking system, increasing poverty and homelessness , and more is sure
>> the
>> continued for at least two years. Anything resembling a recover could
>> take at
>> least another ten years. It is unlikely that the world will every
>> return to the
>> halcyon days of the so-called "golden age" (1949-1973) When the
>> middle classes
>> of the developed world enjoyed continuously rising living standards.
>> The party
>> may very well be over, and for good. We are entering a world very
>> different
>> from the one we have been used to.
>
> We haven't been used to pre-1973 economics in 35 years. We may get back
> there if the Keynesians get back in charge for a while.
I'm inclined to think that the benefits of *not* doing something
stupid can't be underestimated.
Look at what happened when Rumsfeld left. Not that Iraq is great, but
the decline has stopped and been reversed to some degree.
I'm also inclined to believe that trickle down is the stupidest
economic policy ever created. Just stopping following that ought to be a
huge help.
Jeff
>
> --Jeff
>
== 4 of 12 ==
Date: Wed, Dec 10 2008 2:17 pm
From: "Dave"
> Your figures are faulty, btw.
>
> Jeff
OK, grab your calculator.
Enter 8 Trillion (dollar amount of current and proposed bailout procedures)
and divide that by 138,000,000 (number of U.S. taxpayers, aka debtors)
Muliply the result by 2 (This will be a good estimate of how much each
taxpayer will pay in extra taxes, considering principle PLUS INTEREST, as
the money for the bailouts is borrowed from China)
Then muliply that result by 2 (Typical household has two taxable incomes)
That is how much the average household in the U.S. is going to pay in EXTRA
taxes for all these various bailout procedures. And that's an optimistic
viewpoint. It assumes a VERY favorable interest rate on the loans we are
getting from China to finance the bailouts. -Dave
== 5 of 12 ==
Date: Wed, Dec 10 2008 4:03 pm
From: "Stormin Mormon"
I remember the trickle down years. I expanded my business, and hired help.
Now, I can't even pay my own self. I'd go back to trickle down in an
instant.
--
Christopher A. Young
Learn more about Jesus
www.lds.org
.
"Jeff" <jeff@spam_me_not.com> wrote in message
news:B5WdnXegUoSxqN3UnZ2dnUVZ_jadnZ2d@earthlink.com...
I'm also inclined to believe that trickle down is the stupidest
economic policy ever created. Just stopping following that ought to be a
huge help.
Jeff
== 6 of 12 ==
Date: Wed, Dec 10 2008 4:23 pm
From: Dennis
On Wed, 10 Dec 2008 16:31:21 -0500, Jeff <jeff@spam_me_not.com> wrote:
> I'm also inclined to believe that trickle down is the stupidest
>economic policy ever created. Just stopping following that ought to be a
>huge help.
Right. Except when the money is given to big banks or big auto
manufacturers or big contractors who build "infrastructure". Then the
benefits make it down to the people at the bottom who need it and
everything is rosy. Gotcha.
Dennis (evil)
--
What the government gives, it must first take.
== 7 of 12 ==
Date: Wed, Dec 10 2008 4:45 pm
From: Jeff
Dave wrote:
So, I see then that you agree with everything you snipped.
>> Your figures are faulty, btw.
>>
>> Jeff
>
> OK, grab your calculator.
>
> Enter 8 Trillion (dollar amount of current and proposed bailout procedures)
And exactly where do you come up with 8T.
>
> and divide that by 138,000,000 (number of U.S. taxpayers, aka debtors)
>
> Muliply the result by 2 (This will be a good estimate of how much each
> taxpayer will pay in extra taxes, considering principle PLUS INTEREST,
> as the money for the bailouts is borrowed from China)
>
> Then muliply that result by 2 (Typical household has two taxable incomes)
Even if you did use all of your numbers it never adds up to any
figure you mentioned. Use your own calculator.
You seem to be running on some kind of Republican Math where figures
are whatever you want them to be and history gets altered or erased.
>
> That is how much the average household in the U.S. is going to pay in
> EXTRA taxes for all these various bailout procedures. And that's an
> optimistic viewpoint. It assumes a VERY favorable interest rate on the
> loans we are getting from China to finance the bailouts. -Dave
BTW. Treasury rates are near zero. In some cases when you account for
overhead it is a negative return.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a9p7NHTIZswU&refer=home
Not one assumption you've made holds water. Not one figure is
accurate, yet you think you are right. Obviously you are a die hard Bush
supporter.
Your math as well as your numbers as well as your macroeconomics are
funny.
You want a big scary number. Look up the value of the Derivatives
Market. Much of this money has gone to fat cat republicans to cover
their losses on credit default swaps. So the rich should benefit while
the country goes down the tubes?
Jeff
== 8 of 12 ==
Date: Wed, Dec 10 2008 4:52 pm
From: Jeff
Stormin Mormon wrote:
> I remember the trickle down years. I expanded my business, and hired help.
> Now, I can't even pay my own self. I'd go back to trickle down in an
> instant.
You are coming off 8 years of the largest trickle down experiment in
the history of the US. It just has a different name.
Top tax rates are now lower than they were during Reagan.
Jeff
>
== 9 of 12 ==
Date: Wed, Dec 10 2008 4:56 pm
From: "Dave"
"Jeff" <jeff@spam_me_not.com> wrote in message
news:4_mdnZmI8q0F_93UnZ2dnUVZ_u-dnZ2d@earthlink.com...
> Dave wrote:
>
> So, I see then that you agree with everything you snipped.
>
>
>>> Your figures are faulty, btw.
>>>
>>> Jeff
>>
>> OK, grab your calculator.
>>
>> Enter 8 Trillion (dollar amount of current and proposed bailout
>> procedures)
>
> And exactly where do you come up with 8T.
I didn't come up with it, Congress did. That's the total of all bailouts so
far, current and proposed. There's not a chance in HELL that they won't
pass. But WAIT!!! It gets better. The proposals are increasing by
hundreds of billions a week.
>
>>
>> and divide that by 138,000,000 (number of U.S. taxpayers, aka debtors)
>>
>> Muliply the result by 2 (This will be a good estimate of how much each
>> taxpayer will pay in extra taxes, considering principle PLUS INTEREST, as
>> the money for the bailouts is borrowed from China)
>>
>> Then muliply that result by 2 (Typical household has two taxable
>> incomes)
>
> Even if you did use all of your numbers it never adds up to any figure
> you mentioned. Use your own calculator.
OMG, with the numbers we are discussing, I can't believe you are quibbling
about the exact amount. Say I'm off by 30% or so (highly unlikely) . Would
it really MATTER??? Does your household have an extra $300K that you want
to send to the government for no good reason? Does your household have just
$200K that you want to send to the government for no good reason? The
actual number is not lower than that. It's probably a lot higher. The only
"unknown" in the equation is, what kind of interest rate are we going to get
for all these loans (trillions) from China????
>
> BTW. Treasury rates are near zero. In some cases when you account for
> overhead it is a negative return.
>
> http://www.bloomberg.com/apps/news?pid=20601087&sid=a9p7NHTIZswU&refer=home
>
> Not one assumption you've made holds water. Not one figure is accurate,
> yet you think you are right. Obviously you are a die hard Bush supporter.
>
> Your math as well as your numbers as well as your macroeconomics are
> funny.
>
> You want a big scary number. Look up the value of the Derivatives
> Market. Much of this money has gone to fat cat republicans to cover their
> losses on credit default swaps. So the rich should benefit while the
> country goes down the tubes?
>
> Jeff
Jeff - If you want to discuss Derivatives and credit default swaps, I'd be
happy to do so. I ALSO objected to all the bailouts for the various
financial institutions. But answer this honestly. Just one simple
question:
Do YOU think it will help the economy for the government to take more money
out of your wallet and give it to many corporations that have proven
themselves to be irresponsible with money? Do You? -Dave
== 10 of 12 ==
Date: Wed, Dec 10 2008 5:52 pm
From: "Stormin Mormon"
I have a dificult time believing that. Do you have any evidence I may veiw?
Are you suggesting that after the Clinton 1994 tax hike, the Patriot Act,
the War in Iraq, the War in Terror, that the tax rate is lower than the
Reagan era? I'd sure be curious to see some evidence.
--
Christopher A. Young
Learn more about Jesus
www.lds.org
.
"Jeff" <jeff@spam_me_not.com> wrote in message
news:uoSdnfDOIODK-d3UnZ2dnUVZ_oLinZ2d@earthlink.com...
Stormin Mormon wrote:
> I remember the trickle down years. I expanded my business, and hired help.
> Now, I can't even pay my own self. I'd go back to trickle down in an
> instant.
You are coming off 8 years of the largest trickle down experiment in
the history of the US. It just has a different name.
Top tax rates are now lower than they were during Reagan.
Jeff
>
== 11 of 12 ==
Date: Wed, Dec 10 2008 6:00 pm
From: "Dick 'Tater"
Stormin Mormon wrote:
> I have a dificult time believing that. Do you have any evidence I may
> veiw? Are you suggesting that after the Clinton 1994 tax hike, the
> Patriot Act, the War in Iraq, the War in Terror, that the tax rate is
> lower than the Reagan era? I'd sure be curious to see some evidence.
He's right.
Obama's tax plan amounts to a return to Reagan era rates.
You can do the math yourself.
--
Dick
== 12 of 12 ==
Date: Wed, Dec 10 2008 7:15 pm
From: Jeffrey Turner
Jeff wrote:
> Jeffrey Turner wrote:
>> lisajoe@privacy.net wrote:
>>>
>>>
>>> Evergreen State College professor Alan Nasser has this to say:
>>>
>>> Both the United States and the world economy are experiencing the
>>> worst economic
>>> crisis in the history of capitalism
>>
>> I don't think things are yet to the point of the Great Depression.
>>
>>> and the first truly global crisis in the
>>> history of humanity.
>>
>> What about the Great Depression?
>>
>>> the current spasms of the economy, including rapidly
>>> rising unemployment, raising bankruptcies and foreclosures, declining
>>> wages and
>>> salaries, the hemorrhaging of credit, declining consumption a barely
>>> function in
>>> banking system, increasing poverty and homelessness , and more is
>>> sure the
>>> continued for at least two years. Anything resembling a recover
>>> could take at
>>> least another ten years. It is unlikely that the world will every
>>> return to the
>>> halcyon days of the so-called "golden age" (1949-1973) When the
>>> middle classes
>>> of the developed world enjoyed continuously rising living standards.
>>> The party
>>> may very well be over, and for good. We are entering a world very
>>> different
>>> from the one we have been used to.
>>
>> We haven't been used to pre-1973 economics in 35 years. We may get back
>> there if the Keynesians get back in charge for a while.
>
> I'm inclined to think that the benefits of *not* doing something stupid
> can't be underestimated.
Well, sure, but what's stupid? I'll go with Nobel Laureates Paul
Krugman and Joseph Stiglitz.
> Look at what happened when Rumsfeld left. Not that Iraq is great, but
> the decline has stopped and been reversed to some degree.
Because almost all of the neighborhood-by-neighborhood ethnic cleansing
is complete. Life isn't safe for the average Iraqi - not to mention
women who would rather not wear traditional dress and homosexuals.
> I'm also inclined to believe that trickle down is the stupidest
> economic policy ever created. Just stopping following that ought to be a
> huge help.
Restoring the top marginal tax rate to 70 or 90 percent would help.
--Jeff
--
I learned that ... the most grinding
poverty is a trifling evil compared
with the inequality of classes.
--William Morris
==============================================================================
TOPIC: Real Estate Inter/Nationalization, effective as of 08.08.08 (www.
grishenkoff.com/Realty.html)
http://groups.google.com/group/misc.consumers.frugal-living/t/fe2bd7bda3dfe136?hl=en
==============================================================================
== 1 of 1 ==
Date: Wed, Dec 10 2008 3:31 pm
From: Prime Minister of the Kingdom of God Serge Grishenkoff
Real Estate Inter/Nationalization, effective as of 08.08.08
(www.grishenkoff.com/Realty.html)
==============================================================================
TOPIC: 533,000 Jobs Lost While Feds Import 140,000 Foreign Workers!
http://groups.google.com/group/misc.consumers.frugal-living/t/a1526898a9ebc1d2?hl=en
==============================================================================
== 1 of 1 ==
Date: Wed, Dec 10 2008 3:54 pm
From: BobR
On Dec 10, 2:30 pm, "Percival P. Cassidy" <nob...@notmyISP.net> wrote:
> On 12/07/08 08:37 pm I wrote:
>
>
>
>
>
> >> Please show me where the hospitals are making all that profit. You
> >> want to reform healthcare then the first place you look is at
> >> insurance companies. They sit in the position of screwing both the
> >> healthcare providers and the patients. They sole purpose is to make a
> >> profit and they don't give a damn how they do it. The insurance
> >> companies dictate what will be paid to the providers and that extends
> >> to what the providers can charge. Tell me one other business that
> >> must accept what the customer decides they will pay rather that amount
> >> is enough to cover their costs. If the providers don't accept, the
> >> insurance companies have no qualms about forcing the patients to go
> >> elsewhere even if the quality of the care is unacceptable.
>
> > People tell me that things have changed in Australia in the last 20
> > years or so, but it used to be that most hospitals were run as a public
> > service by religious bodies (denominations or religious orders) or by
> > (semi-)government bodies: e.g., the Brisbane Hospitals Board.
>
> > And many of the health-insurance organizations were typically some kind
> > of cooperative.
>
> And another negative consequence of for-profit health care is the amount
> of money spent on advertising. ISTR that hospitals were allowed to
> advertise in Australia (although i don't recall whether they did), but
> doctors were not: they would get "struck off" not by some government
> agency but by the Medical Association. (Same, _mutatis mutandis_, for
> lawyers). I think they were permitted "public announcements" of no more
> than one column-inch when they set up or relocated a practice.
>
> Perce- Hide quoted text -
>
> - Show quoted text -
Not sure exactly why the "for profit" hospital got to be such a bad
thing but from my experience with non-profit hospital organizations,
if you don't make some profit from your operations that can be put
back into research and new equipment you will be doomed. I know of
several hospitals sponsored by religious organizations that tried very
hard to hold down their costs and give their patients the best deal
possible only to find that they could not survive due to outdated
facilities and equipment.
I have never bought into this "If you are not growing, you are dying"
mentality when it comes to healthcare but I can say that "If you are
not maintaining and replinishing, you are dying". Sometimes that
means you also have to market your capabilities to a public that might
be totally unaware of your existance.
==============================================================================
TOPIC: Get smart, GM bailout is not about jobs, etc, it's about bankers.
http://groups.google.com/group/misc.consumers.frugal-living/t/d00410fd4b650416?hl=en
==============================================================================
== 1 of 2 ==
Date: Wed, Dec 10 2008 4:41 pm
From: wismel@yahoo.com
This is who owns General Motors:
(Taken from Yahoo! finance site, visit enter GM as
stock symbol)
BREAKDOWN
% of Shares Held by All Insider and 5% Owners: 0%
% of Shares Held by Institutional & Mutual Fund Owners: 79%
% of Float Held by Institutional & Mutual Fund Owners: 79%
Number of Institutions Holding Shares: 394
The banking interests don't want GM to file for organization under
Chapter 11 as they sacred "investments" may be impacted. But
they want to share the grief with the American taxpayers! Call your
Senators ASAP and demand no money for Big 3 with Chapter 11 filings.
Here is how to make contact:
http://www.visi.com/juan/congress/
ted
p.s. They want to hear your opinions.
== 2 of 2 ==
Date: Wed, Dec 10 2008 5:37 pm
From: §tarkiller©
On Wed, 10 Dec 2008 17:41:21 -0700, wismel@yahoo.com wrote:
>This is who owns General Motors:
>
>(Taken from Yahoo! finance site, visit enter GM as
>stock symbol)
>
>
>BREAKDOWN
>
>% of Shares Held by All Insider and 5% Owners: 0%
>% of Shares Held by Institutional & Mutual Fund Owners: 79%
>% of Float Held by Institutional & Mutual Fund Owners: 79%
>Number of Institutions Holding Shares: 394
>
>The banking interests don't want GM to file for organization under
>Chapter 11 as they sacred "investments" may be impacted. But
>they want to share the grief with the American taxpayers! Call your
>Senators ASAP and demand no money for Big 3 with Chapter 11 filings.
>
>Here is how to make contact:
>
>http://www.visi.com/juan/congress/
>
>ted
>
>p.s. They want to hear your opinions.
If that were really true then the bailout would have never made it to
the table in the first place.
But then I guess hearing or reading opinions is a bit different from
actually acting on them.
Guess this kind of stuff is what Hillary was talking about.
Regards
§tarkiller©
"Many of you are well enough off that ... the tax cuts may have helped you," Sen. Clinton said.
"We're saying that for America to get back on track,
we're probably going to cut that short and not give it to you.
We're going to take things away from you on behalf of the common good."
==============================================================================
TOPIC: How Odin Became Santa Claus: Symbolism and Pagan Origins of a Gift-
Giving Saint
http://groups.google.com/group/misc.consumers.frugal-living/t/915677537a9d5af4?hl=en
==============================================================================
== 1 of 1 ==
Date: Wed, Dec 10 2008 4:49 pm
From: wismel@yahoo.com
On Wed, 10 Dec 2008 15:04:58 GMT, "Heidi Graw" <hgraw@telus.net>
wrote:
>
>><wismel@yahoo.com> wrote in message
>>news:24erj41mg9okhqn37ir4erb9pfcegcfs6g@4ax.com...
>> On Mon, 8 Dec 2008 02:10:24 -0800 (PST), LOVE Europe HATE the EU
>> <zzzxtyryyetytryey@googlemail.com> wrote:
>>
>>>How Odin Became Santa Claus: Symbolism and Pagan Origins of a Gift-
>>>Giving Saint
>>>by Anja Heij
>
>
>I think Odin as Santa Claus is a bit of a stretch.
>However, Odin as Yule-Father handing out gifts
>to those worthy of them is very much an ancient
>heathen tradition.
>
>http://ca.youtube.com/watch?v=H-vvAGxCwf8
>
>Happy Holy Nights!
>
>Heidi
>
Thanks for your comments Heidi. Note the weirdo who
posted some gibberish about neo-nazis!
ted
>
>
==============================================================================
TOPIC: overdraft
http://groups.google.com/group/misc.consumers.frugal-living/t/338ed10d1ea2929c?hl=en
==============================================================================
== 1 of 4 ==
Date: Wed, Dec 10 2008 5:52 pm
From: Jerry Trumball
My nephew had $80 in his checking account.
He deposited another $150.
Then he wrote checks totaling $60.
He got overdraft notices for those checks.
He didn't understand. Neither did his mother. She went to the bank
with him. The teller said they'd let it go this time, but next time he
would have to pay because it's bank policy. He and his mother still
don't understand.
What's the bank doing?
== 2 of 4 ==
Date: Wed, Dec 10 2008 6:09 pm
From: "John A. Weeks III"
In article <Ni_%k.6438$nD1.6219@bignews5.bellsouth.net>,
Jerry Trumball <Jer@privacy.com> wrote:
> My nephew had $80 in his checking account.
> He deposited another $150.
>
> Then he wrote checks totaling $60.
> He got overdraft notices for those checks.
>
> He didn't understand. Neither did his mother. She went to the bank
> with him. The teller said they'd let it go this time, but next time he
> would have to pay because it's bank policy. He and his mother still
> don't understand.
>
> What's the bank doing?
Was the $80 marked as "available funds"? You see, once you put
a check in, it takes a while for it to get through the banking
system, back to the bank where it was written, and confirmed that
it is indeed a good check. If he put the $80 in as a check, then
the next day wrote a $60 check, it very well could bounce.
BOth your nephew and his mum need to ask about the available
balance, not the gross balance.
-john-
--
======================================================================
John A. Weeks III 612-720-2854 john@johnweeks.com
Newave Communications http://www.johnweeks.com
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== 3 of 4 ==
Date: Wed, Dec 10 2008 6:50 pm
From: max
In article <john-FFA973.20090110122008@news-1.octanews.net>,
"John A. Weeks III" <john@johnweeks.com> wrote:
> In article <Ni_%k.6438$nD1.6219@bignews5.bellsouth.net>,
> Jerry Trumball <Jer@privacy.com> wrote:
>
> > My nephew had $80 in his checking account.
> > He deposited another $150.
> >
> > Then he wrote checks totaling $60.
> > He got overdraft notices for those checks.
> >
> > He didn't understand. Neither did his mother. She went to the bank
> > with him. The teller said they'd let it go this time, but next time he
> > would have to pay because it's bank policy. He and his mother still
> > don't understand.
> >
> > What's the bank doing?
>
> Was the $80 marked as "available funds"? You see, once you put
> a check in, it takes a while for it to get through the banking
> system, back to the bank where it was written, and confirmed that
> it is indeed a good check. If he put the $80 in as a check, then
> the next day wrote a $60 check, it very well could bounce.
>
> BOth your nephew and his mum need to ask about the available
> balance, not the gross balance.
>
> -john-
in addition to the above excellent advice...
It might be worth it to _remove_ overdraft protection from the account.
Note that debit card transactions can generate overdrafts too; even
those made from an ATM.
Here <http://consumerist.com/search/overdraft/> is a great deal of
information about overdrafts. Consumerist does not like overdraft
protection. Read the links to understand why.
Your nephew is lucky to have learned the lesson so cheaply; it could
have cost him hundreds of dollars!
.max
--
This signature can be appended to your outgoing mesages. Many people include in
their signatures contact information, and perhaps a joke or quotation.
== 4 of 4 ==
Date: Wed, Dec 10 2008 8:24 pm
From: clams_casino
Jerry Trumball wrote:
> My nephew had $80 in his checking account.
> He deposited another $150.
>
> Then he wrote checks totaling $60.
> He got overdraft notices for those checks.
>
> He didn't understand. Neither did his mother. She went to the bank
> with him. The teller said they'd let it go this time, but next time
> he would have to pay because it's bank policy. He and his mother
> still don't understand.
>
> What's the bank doing?
Assuming he didn't deposit cash, just because he made a deposit doesn't
mean the funds have cleared for withdrawal. Consider the case where a
deposit is made on Friday evening. It'll be Monday morning before that
deposit is even processed, assuming Monday is not a legal holiday (next
business day). Then, it will likely take several days (up to a week,
but typically 3-4 days) for the checks to clear the source banks before
the funds are available for withdrawal.
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