Saturday, November 28, 2009
Friday, November 27, 2009
Need a loan? Why the banks (and Fed) are saying 'Scrooge you' -- DailyFinance
Thursday, November 26, 2009
Office of Fair Trade loses when British Supreme Court Allows Banks to stick it to British Consumers with questionable bank fees and penalties, wow!
As the Brits go, so do americans. Not.
Kind of amazing that the British Supreme Court actually ruled that Banks can charge whatever fees they want. The OFT, Office of Fair Trade was rebuffed by the British Supreme Court in their effort to rein in unfathomable bank fees and penalties.
What I find fascinating about this situation is the ever growing muslim population in England is against usury and surely between the muslim community and the British you'd think there would be critical mass to not let this abuse of power go unchallenged.
Perhaps the British Supreme Court believes the banks are "TOO BIG TO NOT PREVAIL"? Too Big to not reverse a ton of unfairly and overly priced banking fees?
Kind of scary stuff, to think the British Supreme Court rejected the downtrodden consumer and instead may have sided with the banks because they were concerned the banks might fail if could not charge outrageously high banking fees and penalties.
No matter what amount of fees might have been rescinded, instead of refunds all the banks would have had to done is issue credit. So instead of owing the banks 10,000 dollars, the customer may only owe 9,200 dollars.
Monday, November 23, 2009
I found an amazing website / forum that is sharing incredible Chase Bank home loan modification NIGHTMARE stories. Apparently, mixed in is an occasional good news story, but the Chase Bank home loan modification nightmare stories are so outlandish that they just stick with me.
Jamie Dimon is running a home mortgage division that practices Parallel Foreclosures as if it is a religion. I call Parallel Foreclosures a religion of terror.
Saturday, November 21, 2009
Welcome to TWO NEW Anti Chase Bank Blogs, Financial Murder of Mother of 7, and Home Equity Theft Reporter are now both on BLOGGERS AGAINST CHASE BANK!
Bloggers against Chase Bank is pleased to add two more anti Chase Bank Blogs to Bloggers against Chase Bank. Financial Murder of Mother of 7 is a gripping retelling of how Chase Bank literally stepped in and literally locked out a family of their own home with no apparent warning! In addition, Chase Bank apparently destroyed family heirlooms and critical business documents which then led to the seizing and destruction of her successful business as well.
These stories are happening at an alarming rate, it is only when the media steps in that Chase Bank backs off. Ironically, Barack Obama's favorite wall street banker is Jamie Dimon of Chase Bank.
The second blog is called Home Equity Theft Reporter. I just discovered this blog and the title alone should tell you that there is a problem out there, and that our government is just not doing enough to protect their own citizens.
Friday, November 20, 2009
TheBurningPlatform.com » Economy » RON PAUL WINS BATTLE WITH BARNEY FRANK
Vote coming up Dec. 1st, definitely worth contacting your congress person to vote in favor of auditing the federal reserve.
Tuesday, November 17, 2009
Families in Foreclosure CLICK HERE TO SEE VIDEO.
Sunday, November 15, 2009
Surprise! Credit card issuers can drop you without notice - CharlotteObserver.com
The link above goes to a very clever article written by Eileen Ambrose of the Baltimore Sun that is appearing in the Charlotte Observer. How the Baltimore Sun did not premiere this article is beyond me, it is that good.
While we all understand that credit card companies do have the right to terminate an account at any time, Eileen Ambrose has noticed that rather than give a customer 45 days notice for a change in terms as the new credit card reform bill act demands, the credit card companies can just choose to terminate the credit card account with NO NOTICE!
This is kind of comical, a colossal loophole in the credit card reform bill of 2009 exposed by Eileen Ambrose of the Baltimore Sun. If a credit card company wants to change your terms, all they have to do is cancel your card. Should you reapply for a card, your terms will now be whatever the credit card company decides they want them to be.
This one loophole almost single handedly destroys the credit card reform bill of 2009.
Wow. How come I keep hearing we have all of these super intelligent "gang of rivals" in the white house when they seem to be getting schooled over and over again in the financial arena by the banks?
Is it all just a show?
Thursday, November 12, 2009
CHASE BANK APOLOGIZES TO COUPLE AFTER FORECLOSING and STEALING THEIR HOME. APOLOGY ONLY COMES AFTER MEDIA GETS INVOLVED.
CLICK HERE TO SEE THIS VERY IMPORTANT VIDEO ABOUT HOW CHASE BANK STEALS PEOPLES HOMES EVEN AS THE HOMEOWNER IS TRYING TO GET A HOME LOAN MODIFICATION.
IT IS IMPORTANT TO REMEMBER THAT THE COUPLE WHO HAD BEEN GIVEN A FIVE DAY EVICTION NOTICE HAD RESIGNED THEMSELVES TO LOSING THEIR HOME EVEN THOUGH THEY HAD DONE EVERYTHING THAT CHASE BANK ASKED THEM TO DO.
IT WAS ONLY WHEN SARAH BUDUSON OF KPHO CBS 5 TELEVISION GOT INVOLVED THAT CHASE BANK ADMITTED IT WAS IN THE WRONG. WOW!
Sarah Buduson of KPHO CBS 5 broke the above story and I think it is a bombshell. Chase Bank has admitted that costly Parallel Foreclosure Steps were being sumultaneously taken even as Chase Bank was also negotiating with the home owner over a home loan remodification.
That is like Hitler negotiating with Europe about ending World War II even as Hitler's tanks are moving onto the next country for an already scheduled invasion.
It is important to note that Chase Bank apologized for what sounds like illegal behavior, but only because the news media outed them! Parallel foreclosure steps is fancy pants speak that Chase Bank is above the law and can proceed with a foreclosure even before loan modification negotiations have been concluded. This is just plain nuts, and it is wrong as well.
I thought that good faith negotiating meant that while both sides are actively renegotiating a loan modification, no additional aggressive action could or should be taken by Chase Bank.
News Flash to Chase Bank, evicting someone from their home while you are still actively negotiating with the customer, and the customer is actively complying, is BAD FAITH NEGOTIATING.
I thought our judicial system would be wise enough to ask ONE SIMPLE QUESTION whenever Chase Bank files foreclosure paperwork...
"...Have you finished your negotiations with the homeowner without a resolution being reached?"Now if Chase Bank says, "No your honor, we have not finished negotiating with the home owner"...
Then the judge responds by saying...
"Then we can't very well foreclose on the homeowner if you are still negotiating with them, can we?"
At which point, the homeowner can continue negotiating in good faith with the bank. If Chase bank chooses to not modify a loan, it seems to me the homeowner should still be in the courtroom so the judge can find out if Chase Bank had negotiated in good faith.
There is something very scammy going on, why are judges arbitrarily signing off on parallel foreclosure papers on citizens who are still in negotiations with Chase Bank? It appears to me that any judge that would allow a bank to parallel foreclose on a home while the homeowner is still actively negotiating a home remodication loan is either stupid, corrupt, or just isn't paying close enough attention.
Thursday, November 5, 2009
It seems like the government and the banks have buddied up, and you are their dinner. To read how this is happening, please check out Mish's Global Economic Analysis article on how Wells Fargo handles customers that want a loan modification on their loan.
I have been claiming for quite a while now that it appears that the banks believe they can make more money by DOING NOTHING when it comes to helping their own customers resolve their financial problems. The link above appears to bear out my premise.
If you have a solid, low interest rate credit card deal, and are never late on your monthly payments, you may be labeled a toxic asset by Chase Bank and other banks as well. However, If you have a bad credit score, the banks can make more money off of you faster because you always pay more in interest charges for any money you may borrow.
I believe Banks have perverted their own mission statement by going for the biggest profit in the shortest amount of time rather than being a slow but steady money maker and a pillar of their community. Rather than hire a TON OF PEOPLE at survivable wages to help resolve existing mortgage problems and failures, the banks have chosen to do next to nothing, and wait for you or your neighbor to fail. The banks are also counting on your morality and sense of honor to accept your fate and just give up and not fight them or challenge them to do more than they are doing.
I see now why Barack Obama was the wrong person for the presidency. Barack Obama was the wrong person (McCain would probably have been just as wrong as well) because his followers were younger people with less debt and less responsibilities.
If Barack Obama is incapable of helping the 40-65 age crowd, he is not the man for the job. The younger crowd that voted for Barack Obama don't necessarily have real jobs either, they just think they do, just how many computer programmers do we really need anyways?
Barack Obama won by taking the top of the muffin and throwing away the "bitter" muffin "stump", even though many of those muffin stumps voted for Barack Obama in the fall after first voting for Hillary Clinton in the democratic nomination race.
The muffin stumps are actually where all the nutrition and fiber is located, but when your goal is winning even if you are incapable of relating to the people who are relying on you the most, so what, you won, and that's all that matters.
With each passing day, we see a president that will not stand up to the banks no way, no how, and yes, this includes the credit card reform act that actually accelerated consumer problems because of the loopholes and delay tactics the banks wove into the process before the law actually takes effect.