Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label Chase Bank Protest. Show all posts
Showing posts with label Chase Bank Protest. Show all posts

Tuesday, August 25, 2009

THE CHASE BANK PROTEST IS ON, TIME TO MAIL YOUR CHASE BANK CREDIT CARD PAYMENT DIRECTLY TO THE CHASE BANK CORPORATE OFFICES!

You are reading an article located at DailyPUMA.com dated August 25, 2009.

(Edit Note, if you are concerned Chase Bank will use your sending your payment to corporate as an excuse to mark you late, you can focus your attention on the COMPTROLLER OF THE CURRENCY INSTEAD. They are receiving comments on the credit card reform bill act until around September 21, 2009. The Comptroller of the Currency phone number is 202-874-5750.)


Edit note number - 3, I discovered another option for trying to deal with Chase Bank that is probably better than the article below. It involves the Chase Bank Balance Liquidation Program.

I am asking Chase Bank customers who want to show their solidarity against Chase Bank and an executive board that;
accepts bailout money from the government, receives federal reserve money at zero percent interest, is building new corporate jet hangars at a cost of over a hundred million dollars, is stagnating customer service jobs at home while expanding customer service jobs halfway around world, has cut home equity lines to well below fair market value, has cut credit card lines on people in the middle of their vacation, that data profiles its own customers to an extreme we are probably not aware of, that manipulates the stock market value of their own company so they can make more money on expiring Chase bank stock options, that raises interest rates on all of their credit cards and then gleefully announces that credit card defaults are up, and that has raised the monthly minimum credit card payment on low interest loans of customers who have never been late with their payments from 300 dollars to 750 dollars....
....I am asking that you, Chase Bank credit card customers, help protest Chase Bank by SENDING YOUR CREDIT CARD PAYMENT DIRECTLY TO THE CHASE BANK CORPORATE OFFICE.
Make these Chase Bank executives EARN THEIR BLOATED PAY AND OBSCENE BONUSES, make them SEE your payments.
Let the Chase bank executive officers and their personnel actually SEE the payment envelope that contains your sweat and stress payment inside. Oh, the INDIGINITY that will bring to the Chase Bank Corporate Offices, to actually have to see the payment envelopes of the customer minions they stomp on with their arrogant attitudes and actions.
Chase Bank seems so aloof about their actions now that their best buddy Barack Obama is in the white house, lets make the executive offices see your payment as a way for you to support your fellow citizen who is being unfairly afflicted by Chase Bank methods and actions.
Remember, the Chase Bank customers who are having their monthly payments raised from 300 dollars to 750 dollars as you read this are the people who WANT TO PAY DOWN THEIR DEBTS, WERE NEVER LATE WITH THEIR PRIOR CHASE CREDIT CARD PAYMENTS, AND, WERE ALREADY PAYING DOWN THEIR CHASE BANK CREDIT CARD DEBT EVERY MONTH!
Increasing credit card payments requirements is not a bad idea, but changing terms on people after an agreement is already in place and forcing customers to accept the change without the right to simply opt out of the BANK INITIATED CHANGE IN TERMS in my opinion is reprehensible.

Defaulting or raising the monthly minimum credit card account if a customer cannot make the bigger payment amount is nothing more than a debtors prison of indentured servitude created by a banking system that has recently been bailed out by consumer tax money!

I can vouch for the Chase Bank mailing address below as it came from written correspondence I received directly from Chase Bank.
PLEASE DO NOT ABUSE THE PRIVILEGE of the phone information by yelling at the people who pick up the phone on the other end. ONLY USE THE PHONE NUMBERS TO VERIFY that Chase Bank received your payment.
BE POLITE! Yes, be polite when calling to verify that Chase Bank received your payment. Politeness will actually freak them out more than if you yell at them. Chase bank will then see that we are a united front, from the polite way we call to verify that our payment was received.
Wait 5 working days from when you mail the payment BEFORE CALLING to then verify that Chase bank corporate office got your payment. I would suggest mailing your payment in REAL EARLY, at least 10 working days ahead of the due date.
BE CAREFUL of a fraudulent attempt to reproduce this article and paste it elsewhere on the internet by someone who may then change the address to a different one that I am providing below! Link those interested directly to this article located at dailypuma.com if possible.

Usually you can google an address to verify that the address is valid. So please feel free to google the mailing address I am providing below to verify that it is an actual valid Chase Bank corporate office address and you should probably call them as well.

However, I no longer think this is the way to go. Chase Bank can harm a million people, even cause them to lose their homes, and the news media doesn't report about it. At the very least, get the best deal possible by learning about the Chase Bank Balance Liquidation Program.

I would also suggest snapping a digital still image of your payment envelope (with the stamp already on it), just before you mail the envelope as proof that you mailed the payment to Chase Bank corporate offices.

Chase Card Services Executive Office
IL1-6215
2500 Westfield Drive
Elgin, IL 60124
Attn: Becky Dietz

1-847-488-6751
FAX 1-847-488-6740
Toll Free 1-888-622-7547 Ext. 6751
Attn: Becky Dietz or Nancy Stoneman
Once again, I am of the opinion that you should NOT CALL UNTIL FIVE WORKING DAYS AFTER MAILING YOUR CHASE BANK CREDIT CARD PAYMENT, and make sure you MAIL YOUR PAYMENT AT LEAST 10-12 WORKING DAYS BEFORE THE DUE DATE, and IF YOU CALL, BE POLITE, YOU ARE SIMPLY CALLING TO VERIFY THAT CHASE BANK RECEIVED YOUR PAYMENT.
Better to dump our "tea party protest payment" in the laps of Chase Bank executive offices so they can see we are upset, no?

Hmmm, maybe we should mail our payments into the white house, in care of Barack Obama. According to a New York Times article, Jamie Dimon is Barack Obama's favorite Wall Street Banker, maybe Mr. Obama can hand the checks over directly to Jamie Dimon next time they pal around together.

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.

Monday, August 3, 2009

NEW BLOG ANNOUNCEMENT, INTRODUCING ROBOTS AGAINST CHASE BANK! THE ROBOTS AGAINST CHASE BANK ARE SPEAKING OUT.

Growing legions of Chase Bank customers / victims are now venting on YouTube. Robots Against Chase Bank is there to assemble the Chase Bank youtube venting protestors into one easy to find place.

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.

Sunday, May 24, 2009

Princess Leia (Ear Model as Well) Wants a Tea Party War Against the Credit Card Companies, NOT a Republican vs Democrat waste of energy debate.

DOUBLE CLICK TO SEE REGULAR SIZE.
This YouTube personality gets it, how about you? The Credit Card Companies are destroying the economy while positioning themselves to STEAL your assets.

When Oprah Winfrey, who has attempted to build her legacy by nurturing the public's spirituality, offers four FREE KFC Chicken Grill coupons but does NOTHING to protest what the credit card companies are doing to the american people, you know we are in trouble.

Thursday, April 30, 2009

More Proof that Wall Street is Out of Touch with the Real Economy and Real Americans as Credit Card Companies Continue to Suck the Economy Dry.


(Edit note, a couple of weeks after the writing of this article comes a powerful article from Asia Times that basically concurs with a few of the major points made below. ASIA Times on the Global Economy.)


--------------------------------------------------------------------

Since I started my Daily-Protest against Chase Bank and the credit card industry, my television viewing time has dropped. Very very early this morning, while I was revamping Daily-Protest.com, I had the overnight news on.

The CBS overnight news kept replaying a story that the worst was behind us, that inventories had depleted, and that sometime this year the economy would pick-up. The only way the economy will pick up this year is if the CREDIT CARD INDUSTRY does EXACTLY THE OPPOSITE of what they are presently doing!

Lets add up middle america economic indicators, the real indicators, the ones that matter. Joblessness, continues to rise. Home prices continue to drop. Rising home sales are from forclosures. Car Dealerships, going out of business too fast to count. Credit Card debt, rising.

Funding two wars halfway around the world, priceless.

If the world's net worth has dropped by 1/2 over the past year or two, but the world's unsecured debt has remained the same, then that means that the worlds unsecured debt has actually doubled when comparing the numbers! 

Factor in that the Credit card companies have actually raised interest rates, stolen frequent flyer miles from their best customers, are labeling anybody a with low interest rate on their unsecured debt as a toxic asset, and are assessing huge, 100% to 400% increases in the interest rates whenever a customer is late on a payment, and we can actually safely state that the credit card industry's percent of the world wide wealth has increased by at least another 100% on top of that doubling!

But wait, it is even worse than that. After a person is late on just one credit card payment, the other credit card companies can also raise that person's credit card interest rate to around 30%. Eventually people give up trying to pay down a debt at 30 percent interest rate. However, before the debt is given up on by the credit card company, it keeps growing by obscene amounts every month. 30% unpaid interest can increase one's debt by 50% or more every year!

The overly inflated credit debt keeps racking up higher and higher debt. Then it goes into default. The entire debt, that has been first outrageously inflated by 50 to 100%, is then sold to a bill collection agency for a portion of the total debt due. When the banks sell the defaulted debt, it might be 60 cents on the dollar, 40 cents on the dollar or even just 25 cents on the dollar. However, because of how the debt was so rapidly inflated at that 30% interest rate, the bank actually doesn't lose any money, even if they sell the debt at 25 to 30 cents on the dollar!

Here is where it gets really ugly. The bank is able to then write off the ENTIRE overly inflated debt that caused the debtor to eventually give up trying to pay it off. Imagine if you could being keep all of the money you earned in a years time while legally claiming that you lost an additional 50% and are owed a rebate, or bailout money from the government!

But wait, it's even worse than that! Not only do the banks get this huge credit card default write off on their 30% interest credit card debt, they then can receive new bailout monies from the government to help mitigate phantom credit card loan losses that don't actually exist!

But wait, it's even worse than that. The banks hold on to the new bailout money, refusing to circulate the very money the government has allocated them. By not releasing this new bailout money and not using it to lower credit card interest rates to the consumer, tens of millions of americans continue to create more and more debt on their credit cards, and the entire credit card debt cycle mentioned above repeats again!

But wait it's even worse than that. The banks then squeeze those who relying their credit card debt and home equity line debt to get through these bad economic times by REDUCING their credit lines, sometimes to BELOW what they owe! Now factor in those who have missed a payment for a medical emergency, job layoff, even an electronic billing mistake that can easily happen when a credit card company CHANGES THE DATE on a bill without informing the customer! All of these are reasons for the credit card company to raise the interest rate to 30%! 

Yet many of these law abiding citizens fight to salvage their credit score, resulting in additional huge profits for the banks from those who believe a debt is a debt that must be repaid, even at 30% interest. Unfortunately, a 30% interest rate is so high that unless one can make at least 3 times the monthly minimum due, or pay the debt off in full right away, the debt may never go down fast enough.

If one gives up trying to pay a 30% interest rate card, the banks make huge profits from several different sources. If a customer continues to pay 30% interest, the banks are happy because the customer is just stalling the inevitable, in essence creating additional wealth for the banks before the customer eventually defaults. The banks win no matter what the indentured credit card borrower does once the interest rate is raised to 30%.

The banks are winning every which way even as the FDIC "clamps down" on the banks for not having enough cash reserves.

So, going back to our percentage analysis of unsecured debt and how much it has increased when compared to the world's actual wealth, we can safely add another layer of gross profiting by the credit card industry at the worlds misery. Credit Card debt may have actually increased by over 400% when it is compared to the amount of perceived wealth that still remains in the world's economy.

Credit Card debt at 30% interest IS the additional hidden tax being perpetuated on the world's economy.

But wait, it may be even worse than everything stated above. What if the bankers, upon classifying a credit card loan at 30% that the consumer has given up trying to pay back, a "toxic asset", sells that "bad" credit card loan to another company that is run by a friend, a relative, a lover, a drug cartel? If the banker is in anyway connected with the new buyer of the debt they have resold, that means the banker has found an additional way to profit from the same piece of debt, also known as insider trading or collusion.

So, going back to our percentage analysis of unsecured debt, we can safely add another layer of gross profiting at the worlds misery. 

Over the past two years, Credit Card debt may have actually increased over 500% when compared to the amount of perceived wealth that remains in the world's economy. I don't have to know what the actual two numbers are to make an estimate at the percentage amount. A 500% percent increase in credit card debt as compared to the world's perceived economic value cannot be a good thing, can it?

And if I am correct, then there is NO WAY THE eCONomy can recover, unless some of these usurious interest rates are made to disappear.

So what do the credit card companies do in this time of worldwide crisis? They raise the interest rates on all of their credit cards while trying to destroy the credit rating of their best customers by raising the monthly minimum payment on these always on time paying customers by 250%.

Won't you join me in fighting back? Just put a Daily-Protest.com sign somewhere where others will see it. It is really that simple. Learn more at CHASE BANK PROTEST DAY-9, HOW YOU CAN HELP. IT IS FREE AND YOU DON'T EVEN HAVE TO PROTEST.



Saturday, April 25, 2009

Joe the Plumber & Ron the Roofer, meet Peggy from Pennsylvania. Learn how Chase Bank hurts the Elderly, Cancer Survivors, and Responsible Bill Payers.


First it was Joe the Plumber, then Ron the Roofer, now it is time to meet Peggy from Pennsylvania. Peggy doesn't miss her payments and pays on time, thus making her and her cancer stricken family a toxic asset in the jaundiced eyes of the new age banking community.

If you aren't being charged an obscene credit card interest rate, you too can be labeled a toxic asset. To learn more about Peggy and how Chase seems to live for the thrill of destroying the american dream of those who weave that dream into jobs and services for middle america, Please Click here and learn more at Daily-Protest.com

It is as if it has become the job of the Credit Card Companies to make as many stand up americans "bitter" as is inhumanely possible.

Unacceptable, irresponsible lines have been crossed by the credit card banking industry and unless people like me, (Alessandro Machi) outsiders who haven't taken this lying down, are truly empowered, we all will continue to be at the mercy of draconian changes at the drop of a board meeting, any time, any place.

Yes, I want to be the equivalent of an Italian Jesse Jackson. A gadfly paid by the Credit Card industry to help stop the credit card companies from doing the wrong thing, something they just seem naturally capable of doing, over and over and over.

Until passionate outsiders who never enter the boardrooms of these companies can actually have sway over credit card industry proposals via their own independent websites, we will continue to be at the mercy of sociopath mentalities that can't help themselves as they hurt middle america.

Please read Peggy from Pennsylvania's story and then realize that this is going on all over america. Everything the banks have done when it comes to the credit card industry have BEEN THE EXACT OPPOSITE OF WHAT they should be doing. I'll be exposing those Credit Card Company wrongs one by one in a future article.

Thursday, April 23, 2009

Monday, April 20, 2009

WILL RALPH NADER be at the APRIL 23, 2009 WHITE HOUSE MEETING WITH THE CREDIT CARD INDUSTRY?

Change in Terms.com is reporting that the white house has planned a credit card company get together at the white house this April 23, 2009.

Apparently all the big players will be represented, Chase, Citibank, Capital One, Bank of America, American Express and so on.

Will Ralph Nader be at the APRIL 23, 2009 White House meeting with the credit card industry?

Or, will this meeting on April 23, 2009 be to spin recent Banking Industry quarterly reports into some kind of fantasy that all is well?

If the White House meeting on April 23, 2009 with credit card industry personnel does not include consumer advocates, also known as an outsider "team of rivals", then what is the point of the meeting?

This may actually be Barack Obama's first real test in office. Is Barack Obama willing to partner with actual consumer gadflies when he has his Credit Card Meeting at the White House on April 23, 2009 with the suits that represent the credit card industry?

If you want to read about a solid idea that would help the consumer, the economy and the credit card companies, check out
Credit-Card-Cap.com (page-3 Solutions)

Monday, April 13, 2009

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.

-----rest of article below---------------

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


------article continued below-----------

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.
-----------------------------------

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.

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