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Comment Re:Some fool *tried* that on me on "postaroo"... a (Score 1) 160

The bank a check is drawn on generally doesn't do much more than see if the account has enough funds

That's exactly the scenario I'm talking about. There is little in the way of banks knowing that the account the (substitute) check is drawn on has the funds. I'm not addressing possible reversals. Yet, we seem to hear about people having checks clear-- that is, a full business day has passed-- and somehow they don't know if the account has money or not. Why are they allowed this subterfuge? Because Check21 is not subject to ACH rules. That's B.S.

Comment Re:Cure is worse than the disease. (Score 1) 191

Natural gas is a great improvement over oil, in both efficiency and the environment, and it works EVERYWHERE for EVERYONE NOW. Not 10 years from now, not for skyscrapers in the cities, not only in remote areas or on shorelines, not for the rich elitists, but EVERYWHERE for EVERYONE NOW.

It costs less, helping low income people to heat their homes, and while fracking itself is a concern I think the reduced pollution and carbon dioxide emissions balance it out.

But some jackass who modded me down doesn't understand that. Hopefully, you do.

Comment Re:PCs are the problem (Score 2) 111

You can bet that Home Depot or Walmart will find a way to push this cost onto the customer (and offer optional insurance for a nominal fee to avoid it).

They would have to ask each customer. I should say lost customer, because who is going to buy anything when the cashier's first words are, "Thanks for shopping at Home Depot. Would you like to buy liability insurance in case we get hacked?"

Comment Re:Some fool *tried* that on me on "postaroo"... a (Score 4, Insightful) 160

LOL... but seriously, the Check21 law helped checks "clear" faster, and ushered in the era of check-less bill pay, but have mostly only helped the banks. They'll "clear" a check, then suddenly the bank it's drawn on will discover fraud a week later and do a chargeback. That doesn't sound clear to me.

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