StoryTime: The dirty world of STRUCTURING

[@barretmusselman9977]

That sounds like the scumbags at BoA and didn't they "acquire" M.L.

[@Hyperion5182]

That or Wells Fargo.

[@mb9326]

yep after taking bailout money

[@chickenrichard5024]

Bank of America lost 2 separate class actions if which I was a member of. In both instances it was disclosed that deposits were being delayed or put later in the transaction history to show you over drafting and hitting multiple fees. It was silly. They still do it. Lol

[@BigBadBurch]

BoA definitely did this, they wound up paying out a pittance on a class action lawsuit because of it.

[@MarbleWhornets]

Barret Musselman Oh, Rudy favored it, sounds like you guessed right! My guess was Wachovia which was bought by Wells Fargo.

[@thirdee121314]

Rudy’s the best college professor i’ll never have

[@Lucas-kn9de]

Facts

[@richanderson1275]

Free, unrestricted learning is the best learning.

[@mtgphil42]

The Tolarian Prof has nothing on our Rudeboy!

[@sunnyysss]

So of course I don't speak for everyone but god I love these finance story video

[@MrRogers-hood]

My favorite type of Rudy

[@justinstorm30]

Rudy 2020 takes on the banks. Rudy 2021 takes on cryptocurrency Rudy 2025 buys WOTC and starts the RESERVED RESERVE list. Rudy 2030 retires buys Florida.

[@Gulyus]

Rudy 2031 sells Florida back to the government after an outbreak of "Florida man". Somehow nets a profit.

[@Persillebalzm]

@@Gulyus Rudy 2035 runs for president

[@VibraFinance]

2024. Rudy owns the biggest modern sealed collection in the world. His basement is 69000 sf now

[@richardpointer]

Next up: Money Laundering for Dummies. Rudy teaches the basics.

[@andyboi8283]

😂😂

[@fsmoura]

Step 1) Open a Patreon that sells thousands of boxes of sealed product for $79.99 shipped. Step 2) Use the funds to acquire god-books full of reserved list from an Asian dealer with an annoying voice. Step 3) Create an KZbin account to document your collection and justify your assets.

[@SilverSHAQ]

Rudy asking if we miss him when in reality we missed the pink visor

[@wetzombie8491]

Personally I like these random videos. Im learning things that I know nothing about. It's not a licensed professional teaching but I trust a Pink hat Taco Rudy a bit

[@luisv9029]

Same he was born for KZbin, mtg and taco stands lol

[@ContactingTheDead]

This happened to me back in 2013 with a major Credit Union in Atlanta, GA. I had no clue there was a name for it, until watching this video. Here's what happened to me: I had a "free" checkings account with them, and was told I could only use their card 15 times a month, or I would be charged a fee. (I thought it was odd at the time, but it was my first personal checkings account and being 19, I just thought that was the way it was.) I never really used the card much, so I wasn't too worried. I had roughly $200 in my account and saw that an ebay seller was running a sale on their video games. It was something like, "Purchase 3 or more games, save 15% on your entire order." I ended up finding 7 games that I wanted and made my purchase. All in one order. Paypal shows that it was one transaction of roughly $150 and I still had right under $50 left. I went to sleep and thought nothing of it. Now here's where the story gets interesting... I woke up and tried to go see a movie. I went to pay and *ERR ERE ERR* DECLINED. I thought it was odd, so I went home and got on the computer and this is what I saw.... 7 SEPARATE PAYPAL TRANSACTIONS! They had never done this before, and I had done orders like that in the past and it was one transaction. So I was at 18 transactions beforehand, and the games and movie would have been 19 and 20 respectively. Except, now I had 5 transactions "over" the limit. They charged $25 per transaction for "going over the limit". One went through fine, and the other 4 "fees" were "overdrafts". I got hit with $60 per transaction, for a total of $240. It gets even worse... for "using the card in the negative", I was charged an additional $35 on 4 of the transactions. Meaning, I went from right under $50 to my name, to being $380 IN THE RED! I printed out the paypal charge and the Ebay purchase page, and drove to the credit union. Explained what had happened and was told that it was correct and there was nothing they could do. I explained that I was not about to pay them $380 (I was working for $7.25 an hour, not working over 50 hours for them to steal my money.) I threatened to sue them and call the news about it. I went home and was going to print out the page showing the charges and call attorneys to see what could be done. I went to login and "wrong password". I KNEW I was entering it in correctly. Went to reset it and they would never send the reset email so I could. I decided to eat lunch and keep waiting on the email, but it never came. So I decided to try to log back in again and received, "There is not an account associated with that email. Please try again." They locked me out and deleted my account so I couldn't have proof. I got a letter a week letter saying they closed my account for "non-payment of a negative balance." I thought "screw them" and went to open an account with a different bank. I was declined. Reason being? "Unpaid accounts that were closed." I spent my entire early 20's with no friends, no dates, etc. Because I had no way of easily getting money. I had to wait for a family member to be free so I could deposit my checks and get money out. So I never could go out with anyone, because I never knew when the next time I could get money was going to be and if I needed that for gas money to get to work. 7 years later, I FINALLY got it removed from my record and could open a checking account. I feel years behind in life, and most of it stems from the first thing on my credit being an unpaid account closed. To anyone who did or still does this type of theft, you can politely burn in hell.

[@Swagswag837]

Hey Rudy wanted to say how much I appreciate these videos and the amount of work that goes into them. I'm more of a yugleeo player myself but I feel gravitated towards these financing and story videos and they not only help me through the day to day but also help me realize my interest in this type of stuff even tho I care very little about math. Just wanted to say keep up the great work and look forward to another patreon once that paycheck hits!

[@Silverlightlive]

Rudy, this video literally saved my life. I was under water because a financial institution i was using practiced this. I didnt know it was illegal! So with a few polite but firm emails I resolved the situation the way I wanted. Thank you, your videos are fun and informative!

[@haz-mattstudio6074]

Always a good lecture from the most unprofessional man in magic.

[@brettboylen3231]

Large, hard phyrexian tower.

[@MattsMegabites]

This has actually happened to me a few times. I've called the bank and disputed it and was lucky enough to get my money back and the fee's waved. However one time they would not remove the overdraft fee and I cancelled my accounts with that bank. Very shady practices.

[@JackMaverik]

Bank of America did this to me constantly

[@tamerlane2951]

I love this stuff, and would love to hear more from you man. Makes me wanna sign up for patreon too once I can "invest" in some product haha. The creepier and scummier the videos the better.

[@madrahal]

Pauses at 4:36 just to tell you (1) yes please keep doing more of these structuring videos and (2) suggestion for next structuring videos: tax structuring. Thank you Rudy, even if you don’t do this because you’re channel is great! All the best in 2020

[@sarawilson2886]

Rudy, I only play magic casually but I always love watching your videos. Your voice calms down my anxiety. Thank you for making videos like this calling out the corruption of the banks. We need more people like you who call out these shady practices. Maybe since no one pays attention to all the good stuff in the world you could do a "StoryTime" of some of the good stuff.

[@k13ffur]

Me when Rudy shows the first restructuring example: "Wait....they do the big ones first..." after 30 seconds.... "OHHHH Rudy wants to show how some people think it is done vs. how banks really do it."

[@haruplays2573]

When Rudy misses his finance job, he brings white board + sharpie into magic meeting for timmy's

[@danwash19]

22:35 what scumbag Rudy forgot to mention was that he only did this to the elderly as they were more easily manipulated for being scared about getting their money stolen. Not only did he do it himself, he told the other associates how to do it too. Forgot which video he mentioned this from but it was about 2 to 3 years ago when he talked about the same situation.

[@llSLAYERSll]

My kids : Where did you learn that much about finance Me having flashback of Rudy : Sit down kids im about to show you a Guy who shared world 4d chess knowledge for free

[@Oldpuggacc]

These are the videos that keep me around! Great to put on in the background while I'm cooking or doing dishes. Box openings get booooring

[@Vihilsta]

Honestly the white board videos are my favorite. I hope you keep making them Rudy! 😊

[@Decentbaseballguy]

Dude some of the stuff your share with us on here is actually so valuable.

[@BOWS3R]

Thank you Ruby. I’m really into MTG but these are hands down my favorite videos you make.

[@Foslopac]

These 'behind the scenes' videos are my favorite. I learn so much. Thanks for putting this out there.

[@psychozen7169]

Wells Fargo paid 1.5 billion in fines for this and estimated they made 100 billion

[@DonnaNonnaFoFanna]

I love these finance videos! When I was 19 in college in 2006 I had a skank of america credit card tied to my savings. I over drafted 10.00 on my credit card, overdraft fee of 35.00 for each of my purchases that day, tapped my savings for overdraft protection which was a 35 fee, and that overdrafted my savings which was 45 for a savings account. Next morning, all of those fees tapped again for not being balanced at the end of business the previous day. I woke up to -285 and a closed savings account. It was an experience I wish I could have avoided by watching this video as a teenager :) finance is fascinating to me because of that experience and appreciate the videos from a former financier perspective!

[@robertgray399]

Rudy if all the Timmy’s would just listen .

[@bradleykennedy6904]

Telling it like it is... wow GREAT CONTENT! Thanks rudy-dude!

[@ttsupra87]

Thank you for this education! I didn't have a clue. Please continue to sprinkle these videos on your channel

[@slamuraijack]

Love pink visor Rudy. People love when I tell them I'm making financial decisions based off of the advise of an unlicensed taco salesman who lives in his mother's basement. Keep up the good stuff Rudy.

[@ripnflipp]

This is the sort of content I enjoy...goes perfectly with your channel as it deals with Personal Finances. It's hitting close to 2 years since this video came out and it's the first time I heard of the shady banking fees. Thanks for bringing this to our attention, not many people would.

[@jonathandupuis9474]

So happy you are doing your investments videos again ! Thanks for doing that ! Always love to listen to what you are saying ! Very interesting!

[@tylergoodeve4251]

I would love to see more videos of this kind rudy! Very informative and educational. Keep up the good work as always!

[@ibizon2]

As a Finance major myself, I love this video. More people need to understand these things. These are always fun conversations to have with folks. Good video! But yes, the larger transaction goes at the top. =)

[@PKPAPN]

You asked for feedback. My feedback is that these are the best videos you make and I would love to see more.

[@aiRCoft]

I love all of your investment-based content, Rudy, even more so than your MTG content (as both an investor and MTG player myself).

[@jdpower79]

Your best video yet. Can't tell you how many times I've fought banks on this. Poor tellers or Bank Managers always looked scared too.

[@ericweis9771]

Rudy-the Ralph Nader of MTG! Fantastic video on a very important topic. Thank you

[@Fizban_TV]

Thanks for going over this for us Rudy. I used to get caught with these kind of things all the time when I was young and dumb. The worst was with Wa Mu where they hit me with a weekly reorganization of my transaction and hit me with 700 in overdraft fees.

[@homeguardster]

I subscribed specifically for these types for videos.

[@taylorschneider7163]

Loving this kind of content Rudy! Thanks for doing a deep-dive into this kind of stuff and making it enjoyable. Feels like the college professor I always wanted

[@pokemondude3338]

Hey Rudy! I really enjoyed this video and learned a lot. It’s mind boggling that this practice goes on, but I’m sure there are other similar practices that are going on that haven’t been discussed! As always, thanks for keeping your taco floppy and I’ll await the next video!

[@markpetersen507]

I'm proud of myself for being confused as you were messing up. Lol and I loved the face you made when you realized!

[@Strykehammer]

These are my favourite videos, please don’t stop!

[@Happysnookerball]

These videos are awesome. I love the learning I get from this channel while also waiting for my repack black lotus to arrive!~!!!!

[@HaykSaakian]

I've been subscribed for 2 years to watch these kind of videos. Looking for more in the future!

[@tbussian]

Thank you for these videos Rudy. They may be dull to most but I think they have vital information.

[@LeonidesTCG]

Thanks for doing this video. It’s sad that small town banks are doing this, and worse of all, automatically opting customers into overdraft protection without their permission. Hopefully people will learn to ask the proper questions when opening an account after watching this video.

[@empresspeach4698]

I enjoy these a lot. Always worth a watch when they pop up in my subs

[@FreezeFrame175]

very cool video. was reading about that somewhere last week. bring more videos like this it's pretty cool. thx cheers

[@scottlarsen8218]

Thank you sir. Always look forward to Storytime. Show them to my teen kids too.

[@crackshotcastle]

Love all your videos Rudy they're all pretty entertaining but this one in particular I can say is truly appreciated. Your final message on this video was great keep making awesome content!

[@arcaneprofet]

yup. only reason i keep up with your channel. sometimes the box openings have some little gems in them but these are the best.

[@jpthua]

I don't play Magic cards but I watched your 30mins video and I'm glad I did.. Keep up the great work!

[@FurLbauth]

Thanks for making this video Rudy. And I am sorry KZbin is throttling your channel, my notifications got turned off...

[@kcsnipes]

The bank does not respect the stack ? Last in first out !

[@unbanrofellos5786]

Lmao made my day

[@davidk.1917]

This is one of the many reasons I only use cash for my energy drinks, vapes, and timmy packs.

[@rcasti2061]

What I learned more from your channel based on your experience is way better than those business 101 youtube videos.

[@drewepstein146]

I love these types of videos Rudy as well as your "card sorting convo" vids. Always worth a slap to your knee!!! :-)

[@richardcastro-parker3704]

Loved this video as I do all your videos.

[@SlasheTG]

Honestly, please release more story time /old war story videos. Not been all that interested in the other videos ( I understand people love box openings, but it's not for me), but I still stay subscribed for these kinds of videos, and have been sorely missing them of late.

[@ErroneousClique]

Listen to Rudy just flaunting his wood... furniture. XD

[@lelandnunez7665]

I love these videos Rudy! I take these videos to heart and have actually learned from some of them! Keep doing these types of videos from time to time!

[@rlret2034]

Outstanding job as always :) When are the Rudy Ted Talks coming to Canada?

[@lee2361]

Years on this content is still so interesting. Coming from a Financial background myself I can certainly agree that there are a multitude of shady practices that are still going on today!

[@BobDoe_69]

Rudy, I enjoy these vids quiet a bit as I happen to be into finance and all that jazz. as a non murican, I find these shady practices exposee style vids illuminating indeed. Thanks

[@Leafsleavefaceoff]

Me: hey rudy how was that rave bro Rudy: 5:28

[@NorthernExposure701]

Come for the MTG, stay for the Story Time.

[@The_Smartest_Witch]

Great video Rudy, I'd definitely like to see more on topics similar to this

[@jpcinema4574]

Thanks Rudy. Honest video. Appreciate you and your shtick- been watching your vids for a while. This one made me a sub. Cheers from Canada

[@MEXamSJ20]

As a timmy, I'm glad I have ya to teach us yo. You've helped me make smarter choices. And now I know why my family had a lot of debt growing up. Thanks again

[@anthonyhernandez1229]

Hey, hey, Creepy Dude! Thanks for the time and info. As always, great job. Slap Rudy's knee cap? WTF? LOL

[@snoopanoop7705]

As soon as I see the pink visor I bring out popcorn. Thanks for these awesome videos.

[@jameshoneycutt785]

Today I learned that Rudy does the money

[@wandering-willow3775]

Would still love to see a vid on student loans and how to avoid them lighthousing your credit into oblivion

[@pokejay4073]

Rudy, I love your content man, could listen all day

[@jonrodrigues1212]

Love the information you provided in this video! Please make more content like this.

[@Matteo_the_Plague_Doctor]

Thanks so much for these videos Rudy. I really enjoyed this video quite a lot. I watched it while I ate dinner. You were forced to do horrible things to people, and you couldn't do it anymore. That's how I know that you're a good person Rudy. Best to you and your family in 2020 my dude. :)

[@allyftw]

As one of the 3.696969% women in your audience, these are my favorite videos on your channel. I don't play nor own any Magic products, so all of those videos are just things I play in the background, but these videos I actively view. Please keep making them!

[@mastamike1889]

Love these kind of videos. I seek these out over your other videos.

[@PaulG0000]

Learned something new today. Thanks Rudy!

[@MrMaxBoivin]

The moral of the story is that you don't get kicked out of 109 countries for no reasons.

[@shortyorc121]

Based.

[@Steve_826]

Currently in school for business economics and plan on being in the finance world at some point, like these video types a lot. Good video for sure 👍

[@specul8online]

Great Vid Rudy! Keep them coming!

[@jasonl3445]

Wow dirty tricks. I never even knew this was a thing. Thanks for sharing you knowledge and insight into these practices. So nasty to know but it's good to know what really goes on out there. Love these videos :) keep it up!

[@dommier1051]

Love this format! Keep it coming.

[@DotaHelm]

Daaaamn, ethically responsible Rudy. Right on sir. Keep on, keepin' on. Smt, smt Christianity or smt like that. Good job!

[@zDuzt0]

love the finance videos , please keep up the work!

[@Stretch213]

Anything you can shine a light on is appreciated

[@jakubrpawlowski]

This is what happened to me 15 or so years ago. I attended school in Europe, but worked in US and one day in College I took the wrong wallet with me by accident. I had $100+ on my BB&Timmy debit card and I bought two $2 bus tickets and one $4 pack of Marlboro in Europe thinking I'm fine. Little did I know my $100+ was actually only half of it because of maintenance fees that were result of not getting direct deposit for a few months. Then I got hit with international transaction fees and those $8 + foreign transaction fees actually over-drafted my account. My employer was closed in the winter and they didn't have my European address so I actually didn't know about these charges until the early summer and at this point my negative balance account accrued a bunch of interest for the bank. Totaling over $100, it was the most expensive pack of cigarettes I ever bought. Fortunately I quit that bad habit!

[@mrflocculator]

Great video explaining structuring. Subscribed!

[@mojosodope45]

Basically the wolf of Wall Street.

[@Mr6464jeremy]

Rudy your channel is awesome man really enjoy this video learning alot about about this type of investment you make it very interesting keep on trucking man

[@floydyutiamco]

Great respect for sharing to us your knowledge Rudy. Thank you

[@tylerclark7737]

more content like this pls. Ive worked on a doc for 3 years now about the housing market collapse amongst other shady financial shit and its mind-boggling how much the public doesn't know. Its nice to see someone shedding some light on the wealthy taking advantage of the common people who has first hand experience and has a platform to inform.

[@andrewgonzalez4452]

Rudy, you knowledge is invaluable. Many thanks for sharing.

[@RetroHabit82]

I don't even play MTG, but this video just made me a subscriber. More story time Rudy

[@MTGUnpacked]

Astounding how that pink visor allows Rudy to present complex economic concepts in a simple, easy to understand manner!🤔

[@jackleshem4010]

Pink Visor Rudy - only Rudy I watch (and hit like) right when they come out :)