Megan McArdle is the dumbest bitch in the world. I refuse to click on anything she writes because her shitty takes don’t deserve views. She’s actually a big part of why I unsubscribed from WaPo (that and the whole neolib vibe) because I want zero of my dollars benefiting her.
You know what, let’s just go ahead and say there are many, many dumb bitches (men included) in the Republican party who are constantly fighting for the crown.
I have no desire to read but I bet her argument comes down to “if they don’t have overdraft fees then they will go into deeper debt by overdrafting more and that is worse somehow”
Usually the defense behind banks ‘allowing’ overdrafting is that surely you wouldn’t want to miss paying a bill because your paycheck hasn’t landed yet. So the argument here would probably be if you cap overdraft fees, then banks won’t allow overdrafting anymore and then poor families will have their electricity shut off and get evicted.
All the extra debt they get could have been bank fees, why don’t you think of the starving CEO’s, else they can’t afford their Beluga Caviar and Dom Pérignon dinners.
Megan McArdle is the dumbest bitch in the world. I refuse to click on anything she writes because her shitty takes don’t deserve views. She’s actually a big part of why I unsubscribed from WaPo (that and the whole neolib vibe) because I want zero of my dollars benefiting her.
I cancelled my wapo subscription over similar. Glad to be rid of them honestly.
Grandma Lauren Boebert exists, you know
You know what, let’s just go ahead and say there are many, many dumb bitches (men included) in the Republican party who are constantly fighting for the crown.
I have no desire to read but I bet her argument comes down to “if they don’t have overdraft fees then they will go into deeper debt by overdrafting more and that is worse somehow”
Usually the defense behind banks ‘allowing’ overdrafting is that surely you wouldn’t want to miss paying a bill because your paycheck hasn’t landed yet. So the argument here would probably be if you cap overdraft fees, then banks won’t allow overdrafting anymore and then poor families will have their electricity shut off and get evicted.
All the extra debt they get could have been bank fees, why don’t you think of the starving CEO’s, else they can’t afford their Beluga Caviar and Dom Pérignon dinners.
So the argument is essentially if the poor don’t have overdraft fees, someone else like the middle class will have more fees?