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    CHASE BANK PROTEST MARCH TO THE SANTA MONICA SEA, THEN SEE JOAN IN CONCERT, FREE! THURSDAY, JULY 9

    CHASE BANK PROTEST MARCH TO THE SANTA MONICA SEA, THEN SEE JOAN IN CONCERT, FREE!  THURSDAY, JULY 9
    DO YOU HAVE A DAILY-PROTEST.com or BLOGGERS AGAINST CHASE BANK.com SIGN? THEN MARCH to the FREE JOAN BAEZ CONCERT at the SANTA MONICA PIER!
    JOAN BAEZ DOES NOT KNOW WHO WE ARE AND THEREFORE IS NOT ENDORSING THE CHASE BANK PROTEST MARCH, BUT, WHAT FAMOUS CELEBRITY IS?

    NO NEED TO TRY AND ASSEMBLE FOR THE MARCH, JUST MARCH FROM WHERE EVER YOU ARE COMING FROM WITH YOUR DAILY-PROTEST.com SIGN!
    (PLEASE DO NOT MARCH IF IT IS A STRAIN OR HAZARDOUS TO YOUR HEALTH), YOU DO NOT HAVE TO HAVE A SIGN TO SEE THE CONCERT FOR FREE.


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    Sunday, August 2, 2009

    Did Jamie Dimon Manipulate Chase Bank to ensure profit on EXPIRING CHASE BANK STOCK OPTIONS?

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    I am in no way educated or an expert on how Wall Street works, but it is common knowledge that on July 16th, 2009 Chase Bank "reported" 2.7 billion dollars in "profit" for the second quarter of 2009. Five days later, Jamie Dimon exercised his option on 660,000 expiring shares.

    Did Jamie Dimon purposely make sure he could show overall profit for his company in the second quarter, just prior to his expiring shares, even if it meant tanking his credit card and home mortgage divisions to do it?

    The second quarter profit report by Chase bank was based on buying solid but struggling businesses at vastly undervalued prices, then reporting the worth of the purchased businesses at a much higher amount than they were purchases for.

    Why are these normally solid businesses struggling so much?

    Consumer Credit card interest rates had been raised, no incentives have been offered to help reduce the one trillion dollars in consumer credit card, debt home equity lines have been cut to well below fair market value, collateral backed loans are not allowed, a million of Chase Bank's best, always on time paying customers are being hit with a 2% to 5% increase on their monthly minimum payment as well! WOW, a quintuple play against the american consumer, leading to less available money to spend buying products or services.

    Beating up on credit card customers and home mortgage equity loans LOOKS GOOD TO WALL STREET, AND CAN RESULT IN SHARES RISING IN VALUE, especially if it is in conjunction with buying up businesses, businesses hurt by an economy that has had the capital suctioned out of it by banks like Chase Bank. Buying solid businesses at such a low purchase price, Chase Bank can immediately state the undervalued business purchase price, as a profit!

    As the consumer is hogtied by Chase Bank, solid businesses struggle, and become susceptible to takeover, by Chase Bank!

    The result of the 2nd quarter faux Chase bank profit report was Mr. Dimon made a couple of million dollars by first buying his expiring stock options at just under 30 dollars, then reselling them at the current Chase Bank stock price of 36 dollars.

    If Chase Bank had not had that 2.7 billion dollars of fake profit reported in the news media on July 16, it is conceivable that the price of Chase Bank stock would have dropped to below 29 dollars, and would have resulted in Jamie Dimon not making a penny.

    Without the news media misreporting how "well" Chase Bank "did" in the second quarter, might not Mr. Dimon have either taken a bath on those expiring shares, or simply lost the chance to sell them at all? I'm not a stock expert, so I don't know if Mr. Dimon could have just walked away unscathed if Chase Bank stock prices had dropped below his expiring option price.

    However, by reporting the faux 2.7 billion in profits, Mr. Dimon did make a profit of a couple million dollars and still retained an additional portion of shares worth another million or two dollars.

    Remember, what is good for Wall Street IS usually NOT good for middle america.

    Did Dimon bully over a million of his own Chase Bank customers by raising the monthly minimum payment from 2% to 5% as way to impress investors and keep Chase Bank share prices artificially higher? Did Dimon reduce home equity lines to well below market value to once again gain short term stock prices? Are house saving collateral backed home loans not being allowed to somehow gain favor with Wall Street?

    Obnoxious and even unlawful behavior can sometimes serve any company well in the short term. Slow but steady course of action that can preserve a companies long term value. If Dimon manipulated his own company to create short term Chase Bank profits for his expiring stock option shares, then maybe he should not be running the entire company due to conflict of interest. Maybe Jamie Dimon is manipulating his own company so he can personally benefit, even at the expense of his customers.

    Did Jamie Dimon cast aside slow steady growth for his banking empire so he could slash and burn the american economy to ensure that short term stock share prices would remain higher so Dimon could make a profit from an stock option opportunity that was about to expire?

    If yes, that what exactly has "changed" since Barack Obama took office?

    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.

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