Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label 5%. Show all posts
Showing posts with label 5%. Show all posts

Monday, April 13, 2009

A Challenge to Fox Television and Rush Limbaugh, STOP Encouraging Anti Obama April 15 Tea Party Protests and Encourage Protests against Chase Bank.

Daily-Protest.com
Daily-Protest.com

Can you see Fox News ever taking on the credit card industry with promos encouraging people to protest against the banks? If the idea of Fox News taking on the Credit Card Industry makes you laugh, then perhaps you should be offended that Fox News Television is instead egging people on to protest on April 15th about their government, their president, the bailout and taxes, even as Fox News says and does nothing about the banks.


Well Newt, will we ever hear you utter a negative word about what Chase Bank and soon to follow Citibank and are doing to the same americans that you want to convince should put all of their energy on blaming government and none on corporations?

Banks are actually doing more damage to blue collar america with their 250% monthly minimum payment increase on pre-existing low interest credit card agreements. The banks are "rushing" to get back to financial stability by financial suffocating trustworthy americans who have never been late on their low interest credit card payments just so they can put up slightly better numbers on Wall Street.

Daily-Protest.com

Speaking of Rush Limbaugh, would Rush Limbaugh ever go on the air and castigate the credit card companies for their recent actions in raising the rates on low interest accounts that were supposed to be fixed for the life of the loan? Maybe Rush should spend a bit more time fighting for the blue collar worker rather than getting his followers in a lather over political issues. This is about people Rush. When have you ever fought for People that are being directly attacked by Credit Card Companies.

Learn more about Chase and their evil, evil ways at Daily-Protest.com

Tea Party Protest Do's and Dont's. What NOT to Write on your Protest Sign if you don't want to be labeled a loon or Republican Operative by the Media.

Tea Party Protests started yesterday, April 11, 2009. My concern was that if Barack Obama, his alleged citizenship status, or if socialism, fascism, the bailout or the constitution were mentioned in any way, the protests would be labeled as Republican driven, making the protests somewhat easy to dismiss as the rantings of "bitter" Republicans or conspiracy types.

Apparently, in Los Angeles, that is sort of how the Chase Bank Studio City Protest event was reported by KABC-7 News. The Studio City location that I was invited to attend on Saturday had approximately 2 to 3 dozen protestors. Most of the protest signs were about issues that the protestors felt passionately about, but they did not convey a unified message. Because the protest was in front of a Chase Bank, I was able to use my "Chase, Keep your word" protest sign, along with my Daily-Protest.com sign.

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JOHN ZIEGLER ACROSS AMERICA TOUR
CLICK HERE TO SEE MEDIA MALPRACTICE SCHEDULE


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I believe that going after the banks and their cheating and thieving ways is neither a Republican or Democratic position. I fear that the April 15th Tea Party's are going to be minimized with accusations of Republican manipulation. FOX Promo doing more harm than good.

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Exposing the illegal suctioning of money from the middle class by the banks via change in terms on millions of credit card accounts is a big enough issue to be mad about.
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Exposing the theft of Frequent Flyer miles from American Express consumers so Citibank can acquire them in exchange for cushy loan deals with American Airlines is another non partisan issue.

On the Crooks and Liars website, notice how the Studio City, CA Tea Party Protest Discussion takes a turn for the positive when the discussion changes from labeling the protestors as bitter republican protestors to discussion about how Chase Bank is harming hundreds of thousands of trustworthy americans.

Rather than protest about Barack Obama, fascism, socialism, natural born, or the bailout itself, I believe if the April 15th tea party protests could focus on something most of americans agree on, we can change that one thing, rather than just be minimized by the media as being a republican based protest.

So I am asking, do you want to have the right to have your very specific protest heard and obfuscated by the media, or do you want to help affect change and save millions of americans upcoming grief when they open up their credit card statement and see a low interest life of the loan offer balloon from 2% to 5%, aka 200 dollars to 500 dollars a month payment!

At the Studio City Tea Party Protest, I was the only one protesting against Chase Bank and their illegal and incredibly destructive, anti-family credit card billing tactics even though the protest was in front of Chase bank, yet I got a much more positive response than any other cause being protested that day.

I don't just want to be heard, I want to help affect change that can instantly benefit millions of americans from the hostile, insensitive and illegal actions the credit card companies have spawned.

Wednesday, April 8, 2009

Are you a Toxic Asset? Chase and Citibank may have you Pegged as a Toxic Asset, Especially if you Pay your Bills on Time!

Click here to see the most current DailyPUMA article.

Do you make all of your credit card payments on time? Do you scour the credit card companies for their best offers? Do you reject the credit card companies 6 month low interest rate offers that then skyrocket to much higher interest rates and instead hold out for the longer, LIFE OF THE LOAN, LOW INTEREST RATE credit card offers?


When you were offered LIFE OF THE LOAN, LOW INTEREST RATE CREDIT CARD OFFERS specifically because you have been a good customer who always paid your bills on time, did you ever think the banking industry would one day call your loan, and you, a toxic asset? 

Well let me be the first to tell you, YOU ARE A TOXIC ASSET IF YOU HAVE ALWAYS PAID YOUR BILLS ON TIME, AND YOU MUST BE CONVERTED TO SOILED GREEN.Soiled Green is the act of banks trying to SOIL your credit rating by increasing your monthly minimum payment 250%. When you can't afford this 250% increase (600 dollars a month for some customers) the banks then report your Toxicness to the credit bureaus and then charge you obscenely higher interest rates on the very same debt you previously had been paying down for years, on time.

In the movie Soylent Green, we discover the food source at the end of the movie is other humans. In this instance, we discover that the banks appear bent on destroying good credit scores of their most reliable customers so they can add fees and dramatically increase interest rates on them. Then these new found profits will be fed to those with poorer credit, resulting in even more loans at ridiculously high interest rates.

Once the formerly good credit rating is soiled, the customers OTHER CREDIT CARD LOANS will most likely get hit with much higher interest rates as well. Only then will Wall Street Be Happy because it means these robber baron banks have created more profit. At which point, the person with the formerly excellent credit history becomes a frightened worker bee whose only mission is to try and pay bills, nothing else matters nor do they care to get involved or protest basically illegal credit card actions out of fear they will fall further behind with their bills.

If americans do want to peacefully fight back against the credit card companies, please check out www.Daily-Protest.com. Not only will you be saving your fellow american, the one hour a day protest is turning out to be wonderful exercise!

When Chase and Citibank get through with you and you default on your long term low interest rate balance transfer loan because Chase and Citibank have increased the monthly minimum payment by 250%, Chase and Citibank can then file liens on your home, all the while charging you 1,000 percent more in interest on that same low interest, life of the loan credit card offer that you used to pay on time, and pay down, every month before the change in terms happened.

Chase and Citibank will now call you a toxic asset. In truth, you are actually a "Converted Toxic Asset". You were converted from being a solid, always paying on time customer, to a toxic asset, courtesy of Chase and Citibank and other banks that will soon follow their lead.A portion of the population was called "bitter" last year, now this year, additional americans are being converted to toxic assets by the banks who lent then money then changed the terms without giving these customers an opt out option.

For those of you who don't have these credit card loans and think this doesn't affect you, chances are a small business owner near has seen their business revenue decline because customers are now overpaying Chase and Citibank. Chances are a family friend or neighbor has been affected, and has internalized their problem rather than gone public.

Divide and conquer is a tried and true method and that is exactly what JP Morgan Chase Bank and Citibank are doing. Maybe you are not Bitter, nor a Toxic Asset, nor had your frequent flyer miles stolen and resold for better loan terms between American Airlines and Citibank, nor had a change in terms that you were not allowed to opt out, but most certainly some people who use your products or services have been affected, and that WILL affect your bottom line.

(edit note, Citibank seems to be waiting to pounce with their own change in terms plan, they may be waiting to see how much public outrage there is over what Chase Bank has already done before doing it themselves. I had been told by a Citibank worker that they were doing what Chase Bank was doing when I first wrote this article, but so far Citibank has shown far more integrity than Chase Bank by not following Chase Bank's path.)

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