2min chapter

Against the Rules with Michael Lewis cover image

The Invisible Coach

Against the Rules with Michael Lewis

CHAPTER

The Good Bank

Angela strange is a venture capitalist and connoisseur of how the financial sector exploits human nature. She has tried unsuccessfully to get somebody to create what i call the good bank. What would this good bank look like? Well, so it would warn you when you're about to overdraw your credit card rather than wait until the end of the day when you've swiped five times,. They charge you 25 dollar penalty for each swipe, 25 bucks a swipe. It's supposed to scare you from overdrawing your account. But you only get the warning after it's too late. There were 34 billion dollars in overdraft fees paid last year.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode