Even Chase Bank has to Weed out the bad guys, and their moms!

At the end of the day, it is this kind of economic terrorism that hurts all of us, yes, even Chase Bank can be victimized by credit card fraud. Kind of creeps me out when not only the sons are involved, but apparently the mom is too.

Please Download the Chase Bank Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Chase Bank's Parallel Foreclosure Policy when home owners ask for a home loan modification, an evil way to do business when better alternatives exist.

CLICK HERE TO SEE THE SHOCKING VIDEO ABOUT CHASE BANK AND PARALLEL FORECLOSURES!

I have now read numerous articles about Chase Bank. I don't want to over exaggerate and say I have read hundreds of articles, but I also don't want to under exaggerate and say it's only been a few dozen either.

Home Loan Modifications is a very very hot topic. One of the biggest talking points the democrats offered prior to the 2008 elections was helping people save their homes. The democratic gains in congress and the winning of the white house was in part due to their promise to help homeowners who were struggling with too much debt and not enough job opportunities.

Most homeowners would be happy if they could either pay down their debts, or simply tread water. To that end, just what has changed since the 2008 presidential election? Americans assumed that home loan modification programs would not only be implemented, but also be fast tracked. There has been no fast tracking that I am aware of for the purpose of saving people's homes, and understanding why might help lead to a solution.

Lets quickly recap what has caused banks such as Chase Bank to thwart the american homeowner's desire to simply be able to afford their home without becoming a deadbeat.

News stories began appearing about people who were giving up on their home loans and just staying in their homes for free until they were forcibly evicted. Stories floated around on the internet about people living for free for over a year and still not being evicted.

Other stories came out that if one asked for the "note" to be produced by the bank that the homeowner had signed when they originally accepted a loan from the bank, a delay of several months to over a year could result. In some instances the note could not be found and this caused additional delays as well.

While stopping home mortgage payments or asking for the note sounds like a way to get back at "the system", it's also an antagonistic maneuver that I believed would result in banks such as Chase Bank responding with new and more aggressive tactics.

Enter Parallel Foreclosures. Apparently the banks won't renegotiate a lower interest rate on a home loan unless the homeowner falls behind in their payments. However, the moment the homeowner falls behind with their payments, banks such as Chase Bank begin a process called Parallel Foreclosures.

Even as Chase Bank is allegedly re-negotiating the homeowner's mortgage loan, another Chase Bank division is busy filing foreclosures papers on the homeowners home!

So, just as I initially suspected, the banks have decided anybody who is looking for a home loan modification might just be stalling, and to combat that stalling, banks such as Chase Bank begin the process of foreclosing on the homeowner's home as soon as possible.

There are so many obvious reasons why this is the wrong path by the bank to be taking that I will be devoting a chapter in my upcoming book, The Cat Who Ate Chase Bank, to the parallel foreclosure issue. However, for the here and now, I would like to offer a solution.

If a homeowner has experienced a significant depreciation in the value of their home in the past couple of years, the affected homeowner should AUTOMATICALLY be eligible for a home loan modification without it triggering a parallel foreclosure by banks such as Chase Bank.

As the percentage of a home's depreciation increases, the lower the interest rate the home owner can be offered for their home loan modification.

The usefulness of this idea is boundless. If the banks choose to claim that a customer's home has not lost much value, then the banks should make a home equity line available on the home in line with the minimal loss in value that they think the house has depreciated.

If the bank agrees that the home has devalued significantly, then the homeowner benefits by getting a super nice interest rate on their home loan in exchange for the loss of home equity. The homeowner and the banks are protected no matter which route is taken!

If the bank believes a home has not lost that much home equity value but is also worried about a homeowner taking the home equity line and skipping town, just limit the amount the homeowner can take out every month to a relatively small percentage of the entire equity line. Just limit equity line withdrawals at around 3 to 4 percent of the total they are eligible to borrow.

Since the homeowner's loan is being modified based on home depreciation and home depreciation only, the homeowner cannot be suspected of trying to scam the system so there is no need to file parallel foreclosure papers for the home loan remodification.

Home Depreciation Loan Modifications become a win win for EVERYBODY! Lower banking costs are required to process the Home Depreciation Loan Modification, and surreptitious behavior by the banks involving parallel foreclosures can be greatly mitigated.

Homeowners either get a more generous home equity line to borrow from if the banks want to claim there has not been as large a depreciation in the home as the homeowner is claiming, OR if the banks are claiming a higher depreciation than the homeowner believes is accurate, the homeowner gets an even more attractive home loan modification on their existing home loan!

I believe this idea I am presenting is a direct result of all the contemplating I have done for my book, the Cat Who Ate Chase Bank. I think this idea could be fast tracked and end the acrimonious situation that presently exists between banks such as Chase Bank and home owners wanting to renegotiate their home mortgages.

What do you think?

Alessandro Machi also collects not so nice stories about Chase bank at the following blogs, The Cat Who Ate Chase Bank, Daily-Protest, Bloggers Against Chase Bank, and Robots Against Chase.

Please Download the Chase Bank Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Article update - (Thursday, Nov. 26, 2009) Parallel Foreclosures can eventually lead to law enforcement being used to forcibly move people out of their homes even without a judge having ever been involved!

Banks using Police Officers with guns without a judge to make sure everything has been handled fairly and ethically, we can do better than that, no ???

Why is it OK for Chase Bank to Outsource American Jobs to the Philippines when the jobs are for handling American Customers?

Why aren't Americans being hired by Chase Bank to service American customers? Why is it acceptable to outsource Chase Bank jobs to the Philippines when the jobs are specifically to handle american clients?

CLICK ON IMAGE TO ENLARGE.

Please Download the Chase Bank Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Chase Bank's Smugness lives on. Will comply with credit card reform bill as written, reserving the right to raise rates prior to 2010 enactment!

Even as Bank of America states they will not raise interest rates on their credit cards prior to the credit card reform bill taking full effect in early 2010.

Chase Bank smugly states they will comply to the letter of the credit card reform bill, meaning they will do as they please, when they please, before the credit card reform bill takes full effect.

In my opinion, Chase Bank is the number one arrogant bank on the planet, and Jamie Dimon of Chase Bank is Barack Obama's favorite wall street banker, should we be surprised?

Click on this sentence to read the Follow up article at The Cat Who Ate Chase Bank.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

More Proof of the Chicago Elite involving Oprah, Chase Bank, Jamie Dimon & Barack Obama conspiring to steal the 2008 nomination from Hillary Clinton.

CLICK TO ENLARGE.

This article is not necessarily a huge piece of evidence in the takeover of the democratic party by the Chicago elite, but it is disturbing nonetheless.

During the 2008 democratic campaign Oprah Winfrey magazine created a "contest with no prize money" and apparently conspired with what I believe to be the greediest, most narcissistic bank on the planet, Chase Bank, to pull off the bank heist.

Could the ensuing "costs" to run what looks like a sham contest have been used to to divert tax deductible savings to Barack Obama's campaign?

Oprah Winfrey holds a nationwide contest and the four prizes are free consultations with a bunch of financial planners from Chase Bank??? Are you kidding me?

NO PRIZE MONEY, JUST A CONSULTATION? What kind of a prize is that? A consulting prize from the richest woman on the planet with no prize money attached?

The Oprah Winfrey / Chase Bank contest was run in 2008. May I ask who was paid to sift through all the applications? What kind of suspicious tax deductions were created by deducting all the hours it took to run a contest that offers no prize money?

What did it cost to create this Oprah Winfrey / Chase Bank contest? What did it then cost to promote the contest, evaluate each and every one of the 9,000 applicants, cull the list down, interview the final 100, cull the list some more, interview the final 10, and then figure out who the final four contest winners would be?

Is it not income tax fraud to deduct thousands upon thousands of dollars in costs for a prize devoid of cash? Isn't this how the ACORN led Barack Obama crowd runs? Bill out time for a suspicious endeavor and then pretend it was actually worth something and use it as a huge tax deduction?

I would guess that deductions were probably flying all over the place on both Oprah Magazine and Chase Bank's part. What if you found out that the total tax deductions reached a million dollars, and that a check for a hundred thousand dollars was then magically donated to ACORN?

I'm just saying what if, I have no proof, but doesn't it just sound like the way things are done among the rich and elite? Create a contest that creates a ton of tax deductions, then trickle down an incredibly meager prize to the "winners", all the while patting themselves on the back for reaching down to the little people.

This is the same Oprah Winfrey that gave out FREE KFC chicken dinner COUPONS while people were being run out of their homes because of non-responsive banks, the kingpin being CHASE BANK!

I believe Oprah Winfrey is a greedy fraud. Yeah she cares, yeah she can put out a good TV show, but the insidious sinisterness of how she colluded with Chase Bank during Barack Obama's 2008 campaign looks like meddling beyond being a talk show host and delving into an area she does not belong.

I believe if someone cracks the books they will find huge cost deductions related to what I think was a sham contest.

So what did it cost to actually put such a contest on? Is it ethical to create a contest that costs a heck of a lot more to run then the worth of the prizes, when the prizes are basically worth nothing more than somebody volunteering a couple hours of their time?

A contest in which the "grand prize" is four women receiving free financial consultation from Chase Bank, are you frickin kidding me? How about Oprah throw in some cash so the Chase Bank "experts" actually have something to discuss with the winners!

Just how many tax deductions were created for a contest that involved no cash going to the "winners"? The Oprah Winfrey contest reminds me of the Arianna Huffington led conference in which women can be told by a man how to live more fulfilling lives.

Maybe if Arianna Huffington had not meddled in the 2008 democratic nomination process in which Huffington completely favored one candidate over a FEMALE candidate, women would not be feeling so badly about themselves....

...Was HuffPo biased toward Obama? After the site reported that Obama said "bitter" working-class Americans "cling to guns or religion," HuffPo co-founder Ken Lerer, who himself said to be unhappy about the story, rushed to talk with angry Obama campaign operatives. That would be the same Lerer who convened a fundraiser for Obama at his apartment the year prior, when he was still CEO of Huffington Post. It's worth at least asking whether the Clinton campaign's accusation that the site was a "conveyor belt" for pro-Obama propaganda was more than mere campaign flackery.Also, why did HuffPo delay covering the latest scandal stories on Democratic politician John Edwards, despite having broken some of the earliest ones?

The linked article about Huffington asks if evidence exists about Huffington's bias, well, yes, and here is the link.

In this instance, Oprah basically pays her staff to run a "contest" that gives four woman ADVICE! FROM CHASE BANK!

How dare these two democratic party saboteurs, Oprah Winfrey and Arianna Huffington, TELL ANYBODY how they should feel when their very own political principles are so shady and shody they actually shot down the first viable female presidential candidate in the history of this country, and probably did it for FINANCIAL GAIN.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

LINKS BETWEEN ACORN, BARACK OBAMA, JAMIE DIMON & CHASE BANK GROWING by the DAY.

You may recall that about

7 weeks ago I suggested a huge link between JP Morgan Chase Bank, Barack Obama and ACORN.

This article was even earlier.

There was also the APRIL FOOLS DAY "ONE MILLION DOLLAR REWARD" for any ACORN member willing to admit what went on during the 2008 democratic elections involving fake credit card name donations and caucus cheating, article.

Most recently, on August 13th DailyPUMA wrote about the Jamie Dimon, Barack Obama, Chase Bank, ACORN connection that is deserving of an investigation.

I just became aware of an article from August 10, 2009,

a book from an insider who knew about the Bernie Madoff, Chase Bank connection, and who also is claiming huge connections between ACORN and Chase Bank.

My claim from August 13th still stands, The FBI is afraid to take down Jamie Dimon because it could mean charges being filed against either Barack Obama, or members who directly report to Barack Obama.

In the misguided words of George Bush, "Bring it on".

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com 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 Daily-Protest.com sign.

Credit Card Changes || WXYZ.com | WXYZ-TV / Detroit | Detroit News, Weather, Sports and More

Credit Card Changes || WXYZ.com | WXYZ-TV / Detroit | Detroit News, Weather, Sports and More

Chase Bank recently targeted as many as 2 million of their most loyal, never late paying customers with a gargantuan increase in their monthly minimum payment requirement. The Increase in the monthly minimum payment went from 2% of the balance due to 5% of the balance due. 

The reason these customers were specifically targeted was because they had life of the loan, low interest rate credit card agreements with Chase Bank.

Chase Bank may have recently relabeled low interest rate credit card loans as a toxic asset! To dump these "toxic asset" credit card loans, Chase Bank accelerated the monthly minimum due on these accounts by a whopping 150%!

If you were paying 400 dollars a month, your new monthly minimum would have increased to 1,000 dollars a month!

If you could not afford the increase in the monthly minimum payment hike, you would forfeit your super low interest rate of 1.99, 2.99, 3.99, 4.99 or 5.99. Your new interest rate could be as much as 29.99%!

How dare you, the customer, methodically pay off a low interest rate, life of the loan credit card agreement, in a steady and reliable manner, never being late with your payments, you Toxic Asset, you!(sarcasm alert).

If you were one of as many as 2 million Chase Bank customers/victims who saw your monthly minimum payment increase from 2% to 5% you can go to any of my free credit card blogs and get information on how to possibly re-lower your monthly minimum payment from 5% back down to 2%. 

Those blogs include Daily-Protest, Bloggers Against Chase Bank, Robots Against Chase, or The Cat Who Ate Chase Bank.

In the video at the top of this article, the Chase Bank customer was also a recent hospital patient.

Could Barack Obama's favorite Wall Street Banker, Chase Bank's Jamie Dimon, possibly be implementing data profiling tactics on recent hospital patients?  That is not what I call health care reform.

Posted using ShareThis

More Credit Card Industry Shenanigans involving WHAT YOU USE YOUR CREDIT CARD FOR! HOW DARE YOU PURCHASE FROM A THRIFT STORE!

You need to just give up and roll over, that appears to be the Barack Obama way. How dare you try and save money by purchasing from a thrift store, you obviously need to be red flagged and condemned.

Remember, there are no death panels in the Barack Obama administration, but there appear to be reassessment panels that decide if you are worthy of respect or not. Yes, we have another decider in the white house, a decider of health care who blew off his own dying mother in Hawaii so he could travel to Bali to finish writing his tribute book to his deadbeat, sperm donor father.

Oh, wait, someone may protest, you can't blame Barack Obama because credit card companies are punishing people for trying to live within their means. Yes, we can, and yes, we should.

As long as Barack Obama pridefully views Jamie Dimon of Chase Bank as his favorite Wall Street Banker, Barack Obama can take responsibility for all of the evil and UNNECESSARY TACTICS the Credit Card Companies are spewing onto the american consumer.

I am not against the credit card companies using SOME data profiling to determine cost risk analysis. For instance, people who run up credit card bills in bars and strip joints are more likely to default on their credit card account. However, to apply that same measuring cup to someone who is buying from a thrift store is insulting, and discriminatory. As a consumer aptly pointed out, buying from a thrift store enables them to balance their overall budget.

Barack Obama seems intent on fixing the pain others have allegedly cost even as he stands idly by while his wall street credit card buddies create their own brand of pain. One area that credit card companies refused to explore, and one that is so necessary at this point in time, is credit card debt reductioning. Credit card companies are shutting down credit to people ovenight.

If someone pays down their credit card bill 150 dollars, let them respend 50 bucks of it for small purchases. This is such an obvious, obvious solution to the current credit card debt problems that is purposely being ignored by the banks, why, I don't know.

Again, this gets into an area of incentivizing credit card debt paydowns. Even as companies like Chase Bank unfairly put the screws to their own credit card customers by NOT offering credit card paydown incentives, they do continue to offer new customer incentives to lure them into the same traps they have in place for existing customers.

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com 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 Daily-Protest.com sign.

IT IS TIME for an INVESTIGATION to FIND OUT WHY BARACK OBAMA LIKES JAMIE DIMON of CHASE BANK SOOOOOOO MUCH.

CLICK ON IMAGE TO ENLARGE
CLICK ON IMAGE TO ENLARGE
CLICK ON IMAGE TO ENLARGE

CLICK ON IMAGE TO ENLARGE

CLICK ON IMAGE TO ENLARGE

Is it possible that both Jamie Dimon and Barack Obama are so dirty that one cannot be taken down via investigation without the other going down as well? Is there too much fear in doing the right thing and really getting to the bottom of the democratic campaign donation fraud of 2008 because it might have involved both Jamie Dimon and Barack Obama?

How can Barack Obama stand idly by Now while Jamie Dimon ruins the lives of americans that actually pay their chase credit card bills on time! One answer is, Barack Obama is so beholden to Jamie Dimon, he has no choice.

Could Jamie Dimon be the smoking gun who could have assisted Barack Obama in 2008 by helping to connect campaign donors who had maxed out on credit card political campaign contributions, with ACORN, so that FALSE NAMES could be used with valid credit card accounts to continue to pad Barack Obama's 2008 campaign account?

Could Jamie Dimon, by helping Barack Obama and or ACORN last year during the 2008 election, be the reason Barack Obama is perfectly fine with letting a MILLION CHASE BANK CREDIT CARD HOLDERS FACE DEFAULT for doing nothing more than ALWAYS PAYING THEIR LOW INTEREST CREDIT CARD BILL ON TIME, EACH AND EVERY MONTH!

How can Barack Obama look anybody in the eye and demand they take responsibility for their own "hood" when he lets Jamie Dimon hoodwink the american people and people who do the right thing every month and pay their bills?

Check out Consumer Affairs dot org for an ever expanding and exploding list of Chase Bank complaints in just the past three months alone.

Jamie Dimon and Chase Bank are under investigation for possibly planting "moles" into WAMU before the takeover in which Chase Bank bought WAMU for approximately 2 cents on the dollar.

Jamie Dimon and Chase Bank are being investigated for their part in aiding and abetting Bernie Madoff.

Jamie Dimon and Chase Bank are being sued for artificially lowering home equity lines to way below fair market value.

Jamie Dimon and Chase Bank are raising the monthly minimum payment on a MILLION CHASE BANK CREDIT CARD CUSTOMERS WHO HAD A LOW INTEREST RATE LIFE OF THE LOAN AGREEMENT, NONE OF THESE CUSTOMERS WERE EVER LATE PAYING THEIR BILL TO CHASE BANK!

The New York Times has stated that Jamie Dimon is Barack Obama's favorite Wall Street Banker, WHY?

JAMIE DIMON uses QUESTIONABLE second quarter Chase Bank "PROFIT STATEMENTS" to help sell several hundred thousand expiring stock options just FIVE DAYS LATER!

Can Barack Obama stand up to Jamie Dimon, or we can rightfully assume that Barack Obama is beholden to Jamie Dimon on matters that if disclosed to the public, could mean the end of Barack Obama's presidency?

You can't have it both ways Barack Obama, you can't be chummy with a banker like Jamie Dimon while claiming you believe in change. Jamie Dimon is as old school as they come, how about you, Barack Obama?

If Barack Obama is being investigated but there is too much fear to do anything about it, lets not forget, Barack Obama could probably write such an amazing resignation speech he probably will still have an opportunity to run again, preferably AFTER Hillary Clinton gets a second chance to make a first impression.

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com 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 Daily-Protest.com sign.

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

... the BANKS LOST MONEY on THEIR CREDIT CARD and HOME MORTGAGE DIVISIONS!

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.

7 hours AFTER this article was first posted, the AP HEADLINE UP ABOVE along with their first paragraph has an almost identical first paragraph message as my own headline...I kid you not.

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com 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 Daily-Protest.com sign.

Why is Barack Obama everywhere but where he should be? Barack Obama's Magical Mystery Tour, the Wrong Place, the Wrong Time.

What Can Barack Obama possibly say to anyone, anywhere in the world that can matter more than working on making America better? If Barack Obama's plan is to reassure the world that America will be OK, how can he know that if he leaves the financial duties to corrupt bankers who only care about themselves, first?

Barack Obama's trust in ACORN is misguided if ACORN doesn't come to the aid of the 2 million Chase bank victimized customers who are going to have their credit ratings damaged or who will simply give up and not pay the 2% to 5% Chase Bank payment increase, scheduled to hit on August 1st, 2009. These Chase customers, the creme of the crop customers who are never late on their payments, will go further into debt because of the demented and illogical belief system of Chase Bank board of directors Jamie Dimon.

Time for Barack Obama to head for home and feel real pain, pain the banking industry is intentionally causing, pain Barack Obama never felt when he and Michele were galavanting to Bali to write a book about his deadbeat, passed on father while his mother lay dying of cancer in Hawaii.

Check out what a Barack Obama supporter is saying, Banks Betray Barack Obama.

Where is Hillary Clinton, we need her here in America, now more than ever.

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com 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 Daily-Protest.com sign.

What I Wrote about Jamie Dimon of Chase Bank that HUFFINGTON POST WOULD NOT POST in the COMMENTS SECTION.

(Edit note). To be fair, Huffington Post DID print an earlier response of mine to that same thread.

Credit Card Issuers Getting In Their Licks Ahead Of Reform

Source: www.huffingtonpost.com

As lawmakers worked out credit card reform legislation earlier this year, card issuers argued that tough restrictions would make credit costlier for consumers. Now that tough reform has been signed into law by President Barack Obama, some lenders are making good on those threats. Kezia Richards of Pennsylvania told the Huffington Post that last week she received a notice from Chase that her minimum monthly payments would be increasing from 2 to 5 percent of her total balance on her two...

----------Alessandro Machi Response that was not published--------------

Chase Bank board of directors Jamie Dimon is speaking moronically when he states that Chase Bank is trying to "help" two million Chase Bank customers pay down their low interest rate debts as fast as possible by raising the monthly minimum payment required from 2% to 5% on LOW INTEREST RATE, LIFE OF THE LOAN credit card agreements.

I am not privy to the exact numbers, but the approximately 2 million Chase Bank customers with amazingly good payment histories will be (adversely) affected by Chase Bank's unilateral, me first, scorched economy, 2% to 5% raise in the monthly minimum payment.

Chase Bank customers will LOSE BETWEEN 100 MILLION to 1 BILLION DOLLARS A MONTH as they are forced to increase payments on low interest Chase Bank loans while DECREASING PAYMENTS on HIGHER INTEREST RATE LOANS.

This 100 million to 1 BILLION DOLLARS of pilfered money will be diverted from local economies all over the country into the pockets of Chase Bank executives addicted to their obscene bonuses.Dimon's advocacy of the 2% to 5% raise in the Chase Bank monthly minimum payment requirement on low interest loans just proves he is incompetent, doesn't know what he is doing or saying, and should step down in these trouble economic times before he irrevocably ruins more lives than the number of breathes he will take even if he lives to be a hundred.

Why is Huffington Post AFRAID to print the above comment? Why?

Is the answer that the well known all protect each other, even when comments they attempt to conceal are truthful and if publicized properly could help save thousands of people from losing their homes?

HOW YOU CAN HELP! MAKE A DAILY-PROTEST.com sign and put it where others will see it. Daily-Protest.com 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 Daily-Protest.com sign.

CREDIT CARD COMPANY "ME FIRST" APPROACH CREATING MOUNTAINS OF PAPERWORK & COURT TIME FOR EVERY COUNTY IN THE US, BUT IT IS SO MUCH WORSE THAN THAT !!!

(For the most current DailyPUMA article, please click here)

Update Oct. 18, 2017. Please have NO MERCY for credit card companies. Credit Card Companies get to charge interest rates that are 400% to 500% more than a typical mortgage rate because their debt is allegedly unsecured, but if a credit card borrower cannot pay their minimum payment every month, the alleged unsecured debt is then SECURED in court! This is one of the all time outrageous Financial Terrorism stunts ever perpetrated on the American People. 

Worse still, the 2% monthly minimum payment is credit card crack, designed to lure unsuspecting credit card customers into tens of thousands of dollars of debt before the customer realizes they will never be able to pay off their debt. 

If Credit Card Companies, from the first time a credit card customer was allowed to use a credit card, required a 5% or 10% monthly minimum payment, Very few customers would go into debt that they cannot afford to pay back. 

Instead Credit Card Customers are lured by the 2% monthly minimum payment into eventual credit card debt they will never be able to pay back, but the credit card is unsecured, so too bad for the credit card company??? WRONG! The credit card debt is then magically changed to a secured credit card debt by a Judge! Now the Credit Card Customer has to pay the newly secured Credit Card Debt as if it were a mortgage, meaning now the Credit Card Company can take a debtor's house after charging the Customer 500% more in interest than a mortgage. 

This is the very definition of Financial Terrorism.  (End of Oct. 18, 2017 update).

CLICK HERE TO SEE ARTICLE ABOUT ALL THE HIDDEN COSTS CREDIT CARD COMPANIES ARE EXPOSING THE COUNTRY TO.

The Associated Press recently researched bankruptcy rates in states that allow credit card companies to garnish the wages of their customers versus states that do not. The states that allow wages to be garnished by credit card companies have a MUCH HIGHER RATE OF BANKRUPTCY than the states that do not allow credit card companies to garnish wages.

The AP was able to compare two neighboring towns in bordering states with similar types of economies, one allowed garnishing of wages, one did not. The A.P. research uncovered a significantly higher bankruptcy rate in the town that allowed wages to be garnished by the credit card industry versus the town that did not. The much higher rate of Bankruptcy in wage garnishing states creates a chain reaction that would do a nuclear reaction proud.

Wage garnishing by the credit card industry leads to increased Bankruptcy resulting in more state services, from welfare to court services to housing, food, psychological and re-education. Bankrupt people both require more state services and are more likely to ask for financial assistance from their state government at a much greater level than those who are still trying to get by.

Credit Card Companies hit Garnished wage states in many ways. Not only do garnished states have MORE citizens NEEDING state services, they also have LESS PEOPLE remaining in the work force as well. Being bankrupted by a credit card company is not necessarily conducive to getting another job, so perhaps another approach is needed.

Some employers won't hire someone who has filed for bankruptcy.

The waged garnished states try to handle the overburden caused by increased personal bankruptcies by trying to raise taxes, this in turn draws the ire of the states citizens and small business owners still in business.

Tea party protests then spring up protesting both local and federal governments. These tea party protests result in attention being diverted away from the real agitator in this situation, the credit card companies and their scorched earth collection methods that create increased personal bankruptices in states that allow them to garnish wages.

Credit card companies are actually destroying the economy when they could be helping by offering INCENTIVES to people to pay down their debts rather than finding any excuse to punish them, (like forcing them into bankruptcy). What are you doing to help stop the credit card companies?

daily-protest.com

bloggersagainstchasebank.com

consumeraffairs.com - LAND OF 1,000 LETTERS OF COMPLAINTS IN LESS THAN SIX MONTHS

2nd update Oct. 18, 2017 This article was first written 8 years ago, before social media had really taken hold. It is now DailyPUMA's opinion that LAWYERS are needed to end the Financial Terrorism that is far more damaging and crippling than anyone cares to admit to and the real reason our economy remains in a stagnant mode. (End of Second Update.)

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