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Fuck banks. They are what's contributing to the downfall of this country. Predatory lending....endless piles of bureaucracy and retarded yes men. They must have a mouthbreathing test in their hiring process. Breath into a tube and you can get hired.

I try to wire money to one of our contractors, and payment "fails." So I spend 2 hours on the phone with the bank, talking to 8 different people...the end result? "Oh it didn't go through because their bank rejected the transfer...we can't refund your wire fee because it isn't our responsibility to make sure the payment goes through on their end. There is nothing else we can do."

Fuck banks. They are the assholes who got us into this mess. They made it out just fine because the taxpayers bailed them out.

John Dillinger had it right.

Burn it down as a social protest.

Open a series of disputes with the relevant organizations, submit a demand letter in writing, give them thirty days to respond before you open a suit in small claims court, then do it.

Document everything; keep photocopies, etc.

Also write a draft letter to the contractor blaming the bank for the mishap and saying that you recommend they not do business with them in the future, and saying that the issue will be actioned and they will be compensated at the bank's expense, and conclude with a sappy apology for the bank's incompetence. Mail this draft letter to the bank together with the demand letter and say that you "would prefer to not have to send this; we'd prefer to work this out amiably and be refunded our fee, if you cannot complete the transaction".

Attach a cover letter to the demand letter and draft letter saying that you value your good relations with the bank and would like to come to an amiable and mutually fair solution, without unnecessary difficulty or expense to either party.

Send all this in a manila envelope with registered mail. If you have some sort of digital / credit based mailing system that puts out impressive-looking barcode labels or something, use that to send it, instead of just putting stamps on the envelope.

Aestu of Bleeding Hollow...

Nihilism is a copout.

Banks are in business to make money. You don't have to use a bank if you don't want to for your own funds. If you have an issue with the way a bank handles business then you can change banks. Also, I think it's important to note that banks aren't the whole reason we're in this economic mess since irresponsible individuals and stupid politicians had just as large of a role in that shit. (LOL @ Predatory Lending AKA I give you a loan with a bunch of paperwork that you didn't read yet agreed to.)

I'm going to agree with Eternal. How much money was involved with this transfer? Due to new rules put in place after 9/11, banks have to file/report a bunch of crap based on large cash movements. I wouldn't be surprised to find that the bank rejected the transfer based on the size of the payment due to the reporting involved.

You also have to remember that the "predatory lending" that led to the housing bubble was the fault of Congress more than the banks. Due to the Community Reinvestment Act and Congress calling bank executives before various committees and "suggesting" that they might pass other similar legislation, banks acted to give politicians what they wanted in a way that was still profitable for them. Just as the comic industry instituted the Comic Codes Authority or the major movie studios created the MPAA, many industries act to give politicians what they want in a way that is palatable to their own interests in order to forestall Congress enacting the exact same boneheaded bullshit in a way that would create even larger problems for the relevant industry.

You might also want to check with state and federal agencies to see if the bank(s) have violated any rules regarding these transfers. If your company has a legal department, it would be a great project for your resident blood-suckers.

Your Pal,
Jubber

AKA "The Gun"
AKA "ROFeraL"

World Renowned Mexican Forklift Artiste

We have laws and regulation because experience proved it necessary. Banks came to the government begging for cash, saying that if the government did what you want and didn't work with the situation we'd have another Great Depression, just like when we had almost no regulation.

I don't grasp why you believe an institution that exists to make money will play fair.

Aestu of Bleeding Hollow...

Nihilism is a copout.

Are you saying that its the government's fault that the banks pulled shit like predatory lending? Because that's what it sounds like.

RETIRED.
[armory loc="US,Bleeding Hollow"]Mayonaise[/armory]
[armory loc="US,Bleeding Hollow"]Jerkonaise[/armory]

it sounds like he said individuals ignorantly agreeing to a contract that they didn't read is the main cause.

but that law(Iforget which) that lenders had to accept higher risk loans(read: poor people) which then were promptly defaulted by the poor people caused a big bit of trouble too.

He is, because that's part of what happened. The government's role doesn't absolve the banking industry of some of the chicanery parts of the industry was involved in, but this whole "corporations/business are/is bad" mindset you have goes entirely the other direction and looks to absolve other guilty parties of their role(s) for the sole purpose of putting the onus entirely on your personal boogey-man.

Your Pal,
Jubber

AKA "The Gun"
AKA "ROFeraL"

World Renowned Mexican Forklift Artiste

I said the economic mess we've been facing is because of banks, politicians and irresponsible individuals who take loans without reading and understanding the conditions or without having any means (or desire) of repaying the loan. I'm not saying it's wholy the government fault for 'predatory lending'... in fact, I'd place more weight on the individual taking the loan rather than the government and/or bank. As far as I'm concerned, predatory lending wouldn't exist if people would understand what they're signing. (If you sign and agree to something without actually reading/understanding what you're signing then there is no one to blame but the person behind the pen.)

No, I'm just wondering how its the government's fault that the banks pulled stuff like predatory lending. I suppose it is because the banks weren't as tightly regulated as they should be, but I don't think that's what he's getting at.

RETIRED.
[armory loc="US,Bleeding Hollow"]Mayonaise[/armory]
[armory loc="US,Bleeding Hollow"]Jerkonaise[/armory]

Agreed, morons applying for personal loans who have no way of paying them back, or applying for business loans with a god awful business plan/idea should be sterilized.

However, it is on those banks to realize "this person probably can't pay this back, and will drown in the interest, we shouldn't lend them money". Predatory lending is a real thing...and you know what? When everyone is defaulting, the banks simply go to the government and say "uh, hey...we gave out all these loans to people who had no business getting them, coz times were good...now they can't pay us back and so we can't pay other people back...and we're just kinda fucked, halp?"

Then the government says OKAY, and gives these banks TAXPAYER dollars (because they are "too big to fail"), all while the executive assholes at these banks get to chill out with their fat salaries. I'm surprised this doesn't piss you off. You want to blame the individual...but they are the one's APPLYING for the loan...it is the greater responsibility of the bank to say "wow, this person is very risky...if we give them money...we probably won't get it back." ESPECIALLY because these banks then fuck themselves and get bailed out by YOU AND ME.

How is this not the responsibility of the banks, the people with the money?


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Look at it this way:

If some crack head came up to me, and asked to borrow $20 bucks. And I made him sign a little contract that said "ill lend you this 20 bucks, and charge you interest on it. If you don't pay I'll take your piss-stained pants" Then, the crack head takes the 20 bucks, spends it on crack...and I keep charging interest, but he never pays it...so then i can't get my money back, and he has nothing really of value except his piss-stained pants (which I thought would be worth so so so much, because I ASSUMED the market for piss-stained pants would continually rise...instead of falling, which is what actually happened)...so I'm now losing money..

Then I come to you Eturnal, and tell you about this...and say "so I'm kinda fucked, can you pay me the money the crack head was supposed to give me"

What would you say? Who's at greater fault? The crack head who asked for money and "signed the contract" that stipulated I could take his piss-stained pants (which I overvalued)...or me, the educated rich person, who gave it to him in hopes i could collect a ton of interest off him and make a huge profit?

so you think that a fool and his gold should NOT soon be parted?

Absolutely not, especially if there was no gold to begin with.

RETIRED.
[armory loc="US,Bleeding Hollow"]Mayonaise[/armory]
[armory loc="US,Bleeding Hollow"]Jerkonaise[/armory]

I think if that fool is a huge billion dollar bank - who will then get bailed out by the government (read: you and me Usdk...our taxpayer money) because they were parted with their gold and were too important to fail....

Yes, I think we should do everything in our power to make sure these fools are accountable and don't get bailed out when they are parted with their gold.

I also don't think it's as much the fault of the person whom the gold was lent to. It is mostly the fault of the fool.


Fuck banks.