Posts Tagged ‘fees’
Dan Davies: Social Security Ponzi
on Saturday, November 4, 2023Meaning of Dan Davies Money Quote: saying Financial services companies want a bit of Social Security in fees. Dan Davies said:
“The claim that Social Security is a Ponzi scheme is itself part of the basis for calls to dismantle it and replace it with something that’s easier for the financial-services industry to charge fees on” — Dan Davies
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Stephen Hawking: Pay School Fees
on Saturday, August 7, 2021Stephen Hawking Money Quote saying Cosmos was written to help pay for his daughter’s schooling. Stephen Hawking said:
“I first had the idea of writing a popular book about the universe in 1982. My intention was partly to earn money to pay my daughter’s school fees” — Stephen Hawking
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Tim Berners-Lee: No Internet Fees
on Tuesday, June 8, 2021Tim Berners-Lee Money Quote saying that if he had tried to make money off his invention of the web that it would not exist as we know it today. Tim Berners-Lee said:
“If I had tried to demand fees… there would be no World Wide Web. There would be lots of small webs” — Tim Berners-Lee
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F. Lee Bailey: Legal Fee Punishment
on Thursday, June 3, 2021F. Lee Bailey Money Quote saying that lawyers exorbitant hourly rates are enough punishment for the guilty as well as the innocent clients. F. Lee Bailey said:
“I get paid for seeing that my clients have every break the law allows. I have knowingly defended a number of guilty men. But the guilty never escape unscathed. My fees are sufficient punishment for anyone” — F. Lee Bailey
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Aaron Klein: Slow-Clearing Bank Settlements
on Thursday, October 6, 2016Aaron Klein Money Quote saying low-income consumers subsidize wealthy and must pay to use their own money. Aaron Klein said:
“Lower-income Americans, who disproportionately use cash, prepaid cards or debit cards, get little to nothing and are in effect subsidizing the wealthy through the payment system. They also deal with a slow clearing and settlement system that causes additional expensive overdraft fees” — Aaron Klein
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John Chiang: Wells Fargo Wanton Greed
on Wednesday, September 28, 2016John Chiang Money Quote saying as California State Treasurer that Wells Fargo cheated and fleeced customers with disregard for institutional ethics and encouraged greediness. John Chiang said:
“Wells Fargo’s fleecing of its customers by opening fraudulent accounts for the purpose of extracting millions in illegal fees demonstrates, at best, a reckless lack of institutional control and, at worst, a culture which actively promotes wanton greed” — John Chiang
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