Friday, July 17, 2009

Are the Banks Gaming the System the Same Way Barack Obama Gamed the 2008 Democratic Nomination?

This week may be a low watermark day for our media when it comes to reporting financial noose (yes I mean noose, not news). The media is reporting all of these incredible banking numbers that show huge profits for most of the banks even though
I am worried that when I correlate this weeks reporting of glowing fake banking numbers with Barack Obama's overinflated and fraud induced 2008 caucus results, plus anywhere from 10 million to 200 million dollars in fake credit card donations Barack willfully accepted in 2008, I see old bad habits just that won't go away
...Barack Obama whispering to the bankers, "It's better to spread hope than fear"... or, maybe it is the bankers telling Barack Obama, "Just make it sound like we have profits", that is the most important thing."
Isn't it funny how on the one hand, things have been getting better for months, but on the other hand, if things ever do get better, Barack Obama will chortle that "it was a long, tough road, but I, er, we made it!"

What isn't funny is lying to the american people because it just puts off dealing with the real issues. The real issues are one trillion dollars of consumer credit card debt that nobody wants to see paid down, the freezing of home equity line levels at way below home market value, and the disallowance of any type of loan that is backed with actual tangible collateral, also known as "sweat equity".

Why grant someone to a loan that is backed by their own 10, 20 or 30 years of home equity collateral when Chase Bank can use the three methods mentioned above to put that customers entire credit rating in peril and perhaps create a chain reaction in which they lose their home?

It appears to me that banks have raised credit card interest rates, lowered home equity lines it unfair levels, not allowing collateral back loans as they appear to be waiting out people who otherwise would not have buckled financially if the Banks and Barack Obama had not gamed them.

(edit note, well it looks like I beat the AP, which has now released a story that starts with the following opening paragraph),CLICK ON IMAGE TO ENLARGE.

HOW YOU CAN HELP! MAKE A sign and put it where others will see it. signs can be placed in a storefront window, a bulletin board at work, or a countertop. Raise curiosity and awareness about how Chase Bank is harming a LOT of of their BEST customers by making a sign.

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