Wells Fargo bank stops taking payments from man who paid on time and early and begins foreclosing hi - Polidicks

Wells Fargo likes to take money. I set myself up with a student account, and they told me I won't get overdraft fees and I wont get monthly service fees. Suddenly, months later, I got tons. They didn't tell me that they would charge me money to pull my OWN money from my savings account to checking. I hate banks. I would have so much money left over if I would have just not even kept my money there.

[QUOTE=ExTek;40759998]Wells Fargo likes to take money. I set myself up with a student account, and they told me I won't get overdraft fees and I wont get monthly service fees. Suddenly, months later, I got tons. They didn't tell me that they would charge me money to pull my OWN money from my savings account to checking. I hate banks. I would have so much money left over if I would have just not even kept my money there.[/QUOTE] Ehhh it's usually a condition in savings accounts that removing money before the maturation date will result in you being charged a specified number of days interest. Was it an ISA? If it was then that's probably the case.

wells fargo HQ needs to catch a bomb [editline]24th May 2013[/editline] domestic terrorist dexter

[QUOTE=Forumaster;40749904]So they're essentially admitting they were going to fuck him over, and the only reason they going to help him is their douchebaggery was exposed. [B][I]THIS[/I][/B] is why banks suck. Credit unions fo' life. My avatar fits my reaction to this perfectly.[/QUOTE] I have it even better. I have a federal credit union for a military proving ground as my bank, they're great.

[QUOTE=Death_God;40759775]quit being dumb[/QUOTE] Usually you have to be required to present an argument.

[QUOTE=Sobotnik;40757167]Basically, with the advent of reliable banking practices as the middle ages died off, some Venetian merchants realized they could lend out money that people had deposited, whilst compensating them in some way for being able to use their money. As time went on, banks grew, and were actually responsible for both major advances in economics (the industrial revolution would have never happened without them), for promoting war (bonds with low interest rates could be used to fund warfare by national governments), and for promoting peace (bonds could take a big battering if warfare broke out, so naturally people with an interest in making money don't want war). Nowadays, banks are rather bloated and large entities, often filled with rent-seeking people and incompetents, the regulation of which is not up to date. Banks bring more benefit than trouble imo, and we just need to fix the holes in them, especially rent-seekers.[/QUOTE] [media]http://www.youtube.com/watch?v=hYzX3YZoMrs[/media]

And this is why I bank with Credit Unions...

[QUOTE=Zenreon117;40761102][media]http://www.youtube.com/watch?v=hYzX3YZoMrs[/media][/QUOTE] Fractional reserve banking has been around 600 years. It's not exactly new. Plus it's not an issue as long as the fraction of money left in deposit is big enough to cover problems. People don't use all their money all the time.

[QUOTE=Saza;40758484]i fucking hate "overdraft protection" charge me $35 because i was a buck short in my checking[/QUOTE] Overdraft protection is absolute horseshit! You get the pleasure of being charged for using your own money to cover expenses. All because some of that money was in a savings account earning a whopping .75% interest rate.

[QUOTE=Sobotnik;40761876]Fractional reserve banking has been around 600 years. It's not exactly new. [/quote] Did you listen to what was being said? To outline in detail what the issue is let me state this:" "Money" is by your definition" [QUOTE=Sobotnik;40751251] All money is debt of some kind, representing the labour of somebodies actions, so that it can be conveniently stored and used, then this "store" of labour can be effectively used to purchase your needs.[/QUOTE] Fractional Reserve Banking Implies lending money that one does not have to someone by creating it in the books. Therefore they are creating units of labor and wealth out of thin air. [QUOTE=Sobotnik;40761876] Plus it's not an issue as long as the fraction of money left in deposit is big enough to cover problems. People don't use all their money all the time.[/QUOTE] But what was said by Godfrey bloom is that if/once the banks bust, it is the taxpayers who pick up the loss while banks continually profit from the gain. Ontop of that the fact that they are printing money to cover parts of these debts creates a situation where they can regulate the interest and inflation just by how they play the numbers in their books. -Money is Labour/Wealth -Banks Create money out of thin air. -Banks expect real compensation in return. -Banks profit from thin air. -When Banks go under, the money comes out of the taxpayers. -That is theft.

[QUOTE=Sir_takeslot;40750074]Bank of America did this exact same thing with my family when they foreclosed on our house, shortly after my parents took out a loan and remodeled it, and put an extra room on. They started sending our payments back to us, and then we kept trying to get a hold of them to figure out why they where doing it. And every time we would contact them, they'd constantly move us between an office in Texas and California, and it took them forever to get back to us, or send us anything. Eventually, they told us they where going to foreclose on our house because we weren't sending in our payments. And, once again, every time we tried to contact them we got pussy footed around. Time to time, they'd want us to send in paperwork to both offices, and then of course, one of the offices wouldn't get them, and we'd have to resend both of them in. One time, they moved one of the offices, so we had to start the process over again. They even called us at one point and told us if we paid twice as much on our payments, there was a "chance" that we could keep our house. Once, right before they foreclosed on our house, they offered to sell it back to us, and even after we had moved out, they called us again and tried to sell our house back to us. It's absolutely disgusting they can do this shit. Although, when we moved out, we took everything we could out of the house, from ceiling fans to the toilets. We remodeled the house, so everything we bought, we could legally take. :v: and the shit we couldn't take, like our granite counter tops, we pulled off and busted up in the back yard.[/QUOTE] This is why I will never take any loans or credits.

[QUOTE=GlebGuy;40762800]This is why I will never take any loans or credits.[/QUOTE] Then you'll definitely never own a home and most likely never own a car. Just get one at a credit union instead of a bank.

[QUOTE=Zenreon117;40762761]Did you listen to what was being said? To outline in detail what the issue is let me state this:" "Money" is by your definition" Fractional Reserve Banking Implies lending money that one does not have to someone by creating it in the books. Therefore they are creating units of labor and wealth out of thin air.[/quote] The same happens when the state prints or mints money, but I don't see you complaining. [quote]But what was said by Godfrey bloom is that if/once the banks bust, it is the taxpayers who pick up the loss while banks continually profit from the gain. Ontop of that the fact that they are printing money to cover parts of these debts creates a situation where they can regulate the interest and inflation just by how they play the numbers in their books.[/quote] Regulating interest and inflation isn't bad though, it's important for economic growth and stability. [quote]-Money is Labour/Wealth -Banks Create money out of thin air. -Banks expect real compensation in return. -Banks profit from thin air. -When Banks go under, the money comes out of the taxpayers. -That is theft.[/QUOTE] You can make an identical argument against any form of money creation. [editline]24th May 2013[/editline] [QUOTE=GlebGuy;40762800]This is why I will never take any loans or credits.[/QUOTE] Organic growth is painfully slow.

I used to have Wells Fargo, they used to give me overdraft fees for no reason. And then when I moved back to Washington I went to change bankers and he set up my account and only after he shut down my last account and opened the other did he tell me I was getting a second chance account because of the overdraft fees that I had disputed and won with my last banker. I told him to close the account right there and that was the end of my time with Wells Fargo. It wasn't always bad though, my first banker in Wells Fargo was actually a family friend and she always made sure I never got fees and crap like that.

[QUOTE=The golden;40755503]And banks wonder why people are withdrawing their money in droves and moving to credit unions.[/QUOTE] How do you 'move' to a credit union? I was under the impression that there was some specific restrictions or criteria that must be met to get into one.

[QUOTE=Sobotnik;40762935]The same happens when the state prints or mints money, but I don't see you complaining. [/quote] I am. That was the whole argument. Banking is a fundamentally corrupt system that can no longer logically/ethically economize our resources, its going to waste in a glory of fake cash. [quote] Regulating interest and inflation isn't bad though, it's important for economic growth and stability. [/quote] Yeah but this give the banks more control over the profits they pull out of thin air when they win and the losses given to the taxpayers when they lose. [quote] You can make an identical argument against any form of money creation [/QUOTE] So therefore we should march on with this silly system? You haven't really addressed any of my points. Give me a counter argument.

[QUOTE=Zenreon117;40763353]I am. That was the whole argument. Banking is a fundamentally corrupt system that can no longer logically/ethically economize our resources, its going to waste in a glory of fake cash.[/quote] How else will people lend money? How will saving and investment proceed? [quote]Yeah but this give the banks more control over the profits they pull out of thin air when they win and the losses given to the taxpayers when they lose.[/quote] But in a fractional reserve banking system, the central bank is controlled by the state. Why would the state do that? [quote]So therefore we should march on with this silly system? You haven't really addressed any of my points. Give me a counter argument.[/QUOTE] Banking is useful for finance and economics. Getting rid of it, what is to be replaced with?