Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label healthcare. Show all posts
Showing posts with label healthcare. Show all posts

Wednesday, August 19, 2009

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%. 


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.


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Saturday, August 15, 2009

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.

Sunday, June 7, 2009

Richard Wolffe's new book Renegades appears to confirm that Barack Obama put his career ahead of caring for his family, some things never change.

I brought this point up last year, while Barack Obama's mother was dying from cancer in Hawaii in the mid 90's, it appears that Barack Obama went to Bali to finish tribute writing his first book about his deadbeat dad. When I factor in that it appears Barack Obama returned to Chicago to schmooze the financial elite for his political aspirations, it just makes it so galling to me that Barack Obama even mentioned his dying mother and health insurance reform for political gain.

Is it ethical to complain about the health care system if one doesn't make a worthwhile attempt to be there for their infirm loved one?

Yet Barack Obama mentioned his dying mother and healthcare reform in ads in Texas, and then again in the second debate against John McCain. It is one thing to not visit your last living birth parent in their final year of life, but it is quite worse to then use their situation for political gain.

Michelle Obama "hated the failed race for Congress in 2000, and their marriage was strained by the time their youngest daughter, Sasha, was born a year later.""There was little conversation and even less romance," Wolfe writes.

"She was angry at his selfishness and careerism; he thought she was cold and ungrateful."When Obama ran for the Senate in 2004, his wife still had mixed feelings about her husband's love of politics, and played no part in the campaign, the book says.
...I then wonder if this pattern of behavior as described above was also going on in the mid 90's! Food for thought to consider, what if....
... Barack Obama eschewed being in Hawaii by his terminally ill mother's side so he could instead go to Bali to write a book about his deadbeat dad? Is that not the kind of vetting the media should have been doing last year?
Here are a couple of pro Michelle and Barack Obama links and their reaction to the book.



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