Oil Profits and Bankers Bonuses, Seed Money that may be being used to prop up Wall Street.

I read some figure lately that the amount of bankers bonuses for the past year is several dozen billions of dollars. Arianna Huffington has labeled Barack Obama as the bankcentric kid, (belief that the entire world revolves around the banks) and it appears Barack Obama has given the bankers carte blanche to do what is necessary to get the stock market looking good.

Enter Seed Money. Oil Profits and Bankers Bonuses may be being used to "seed" Wall Street to give the illusion that it is doing better than it really is. This is scary stuff to be playing around with and Barack Obama strikes me as the perfect flim flam man to happily create the illusion that things are getting better.

Many consumers right now are the gas guzzlers. The amount of money we are paying in interest in old credit card debt debilitates our opportunities to be real contributors to our local economies.

Money that could be spent to fix up a home, maintain our health, do regular maintenance, aka "infrastructure" work, is ignored, just so we can tread water maintaining payments on some debts that cannot be paid down because of excessive interest rates.

This is where Chase Bank, Jamie Dimon, Bernanke, and Barack Obama come into the picture. These fellows are "seeders" who are ignoring what already exists, instead of farming the existing fields for maximum productivity, they want you to believe in their magic beans which will grow new, big beanstalks. However, you just have to pay for the magic beans.

What about the magic beans we already owe? What about them Barack Obama? You want an ailing economy to pay for healthcare for all and bailouts for the banks, but you think it is ok that there is one trillion dollars in consumer credit card debt that generates ANOTHER 15-30 BILLION DOLLARS IN NEW INTEREST CHARGES EACH AND EVERY MONTH (my estimation)!

With each passing day that the seeders ignore the one trillion dollars in consumer credit card debt that already exists, we lose two days in solving the current, man made economic crisis.

Beware of the seeders, selling you new better seeds even as the current crops go unwatered.

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.

Just Another "Chase Bank Screwed their Customers Over" Headline.

CLICK HERE TO SEE ENTIRE ARTICLE.

It's important for us to realize that there really is a LOT of ANGER out there over what Chase Bank has done, is doing, and will continue to do. Don't lose that anger, and try to convert it to ways to publicize what Chase Bank is doing.

You are being unfairly victimized if your low interest rate credit card offer is having the monthly minimum payment raised from 2% to 5% with no opt out option. When a bank changes terms, you should have the RIGHT to TO OPT OUT.

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.

DO CHASE BANK CUSTOMERS GET A TAX BREAK because CHASE BANK RAISED the MONTHLY MINIMUM PAYMENT from 2% to 5% on 2 million customers?

When a bank or credit card company forgives part of a debt, the IRS claims that the debt forgiveness portion is considered income, and they tax you on that amount.

Well, if I have an agreement in writing from Chase Bank, and they then CHANGE THE TERMS by RAISING THE MONTHLY MINIMUM PAYMENT by 150%, my pre-allocated monthly and yearly budgets have been reduced beyond my control.

Since Chase Bank's change in terms will now result in my having less spendable income, should I not be able to claim an additional tax deduction for my loss of spendable income?

If debt is forgiven, the government wants to tax you. If a debt is ACCLERATED in the paying of it back, should not the debtor get a tax break as well? Any clever CPA's out there who could figure out how to stick it back to both the government and Chase Bank so they might have a little bit more motivation in stopping the Chase Bank attack against middle america and customers who were NEVER LATE making their payments and WERE NOT given an OPT OUT option when Chase Bank suddenly changes terms?

Go one step farther. Doesn't Chase Bank have a BIGGER TAX OBLIGATION to the goverment by forcibly accelerating their payments back from their customers? Doesn't that perhaps put them in a higher tax bracket?

There are a lot of really awful tax rules that hurt people, and in this instance, it seems to me those same rules should be applied to Chase Bank. Chase Bank's tax obligations should increase while their customers tax obligation decreases. Isn't that how it works when we cash in our stock market gains. (ahem, pretend you had some). Isn't Chase Bank cashing in their credit card offerings for a faster return? Doesn't that trigger some kind of tax liability from the government?

Just wondering.

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.

I Got Caught in the Chase Credit Card Term Changes That Raise My Interest Rate. – Dave

I Got Caught in the Chase Credit Card Term Changes That Raise My Interest Rate. – Dave

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WARNING, THE CHASE BANK AUTOPAY SURPRISE may be AWAITING YOU if YOUR MONTHLY MINIMUM PAYMENT is GOING UP from 2% to 5% and you PAY less than 5%.

Apparently, several years ago I signed up for Chase Bank autopay. The autopay I signed up for only kicks in if my payment did not arrive on time.

Since my payments have always arrived on time, I had forgotten that I had signed up for Chase Bank autopay lurking in the background. If any of you are not planning on paying the 2% to 5% monthly minimum payment increase, please be aware that you could get a very big surprise if you send in a smaller payment. That unpleasant surprise being the difference from what you pay versus the new, much higher increase will be taken out via autopay, even if up until now you had not used autopay because your payments were always in on time.

If you want to learn more about Chase Bank PRO-ACTIVE solutions, please click here. The CHASE BANK PRO-ACTIVE DEPARTMENT is supposed to be as close to opting out as one can get, but learn more by clicking this link which will take you to the Daily-Protest article.

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.

JAMIE DIMON OF CHASE BANK is BARACK OBAMA'S FAVORITE BANKER?

CLICK ON IMAGE TO ENLARGE.

I just wanted to showcase this photo but it only shows up in the proper size when I use the photo in a blog article. The photo's caption is still kind of a surprising revelation for me. Jamie Dimon and Barack Obama knew each other while Barack Obama was in Chicago.

It would not surprise me if Jamie Dimon helped link ACORN with the maxed out Barack Obama donors which resulted in untold millions of donations with faux names such as Donald Duck, Roger Rabbit, but with the donations counting because it came from a valid credit card number.

Does a fake name, real donation, equal change you can believe in?

Finding out that Jamie Dimon is Barack Obama's favorite Wall Street Banker, just how is that change, Barack Obama?

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.

A SUPER BIG WELCOME TO THE NEWEST BLOG AGAINST CHASE BANK! CHASE_BANK_EXPOSED!

Give some love and attention to Chase_Bank_Exposed, the newest blog to call attention to the hostile tactics being taken by Chase Bank against their most reliable, never late making a payment customers.

Chase_Bank_Exposed is a blog started by a Chase Bank Customer who is not happy. I don't know if they have any writing background, but isn't being a victim of Chase Bank practices enough reason to start a Blog about your experience with Chase Bank?

What has Chase Bank been doing to warrant such attention from everyday people like you, me, and Chase_Bank_Exposed?

Please note that Chase_Bank_Exposed did not ask for any publicity of any kind. Bloggers Against Chase Bank wants the rest of you to know if you really feel wronged by Chase Bank, what might help right the situation is to blog about it.

You can think of your blog as a diary that you are comfortable sharing with others around the world.

For those who want a quick overview about Chase Bank, three of Chase Bank's most egregious actions include raising monthly minimum payments on low interest, life of the loan agreements without offering the customer the right to OPT OUT.

Chase Bank customers are also having their home equity line suddenly REDUCED to a figure that is arrived at by using way below fair market value calculations.

It appears Chase Bank is purposely losing money in their own credit card divisions by RAISING INTEREST RATES which has fueled credit card defaults. It also appears that Chase Bank is purposely losing money in home mortgages by FREEZING their customers ability to access their own home equity lines during these troubled times.

Chase Bank appears to be depressing the consumer economy so that their other banking divisions can reap huge profits by buying strong businesses that are having trouble staying afloat because of the depressed economy, that Chase bank has apparently helped create!

The Chase Bank business acquisitions can be put on the books as "profit" and give the pretense that Chase Bank is doing well even as their customers are foreclosed upon.

Did you know that Chase Bank has set up grief counseling centers! They actually offer grief counseling after they have done you over, wow. This particular link is no longer working. Should we be surprised?

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.

BREAKING NEWS, Chase Bank Victims who Voted for BARACK OBAMA, EXPLAIN THIS NEW YORK TIMES STORY that BARACK OBAMA'S FAVORITE BANKER IS JAMIE DIMON!!!

CLICK ON IMAGE TO ENLARGE.    CLICK HERE TO GO TO ORIGINAL ARTICLE AT THE NEW YORK TIMES.

PLEASE, YOU OBOTS, DEFEND YOUR PRESIDENT, IF YOU CAN.

This has to be the most outrageous news article I have ever read. GRRRRRRRR Click HERE to Read. Please click on the link to the New York Times article, read it, and then explain to me how Barack Obama is such a great guy who just needs time.

More Back story can be found here as the White House Backpedals from showing up at a Chase Bank Meeting.

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.

The TEN DOLLAR CHASE BANK CREDIT CARD PAYMENT PROTEST CHALLENGE by MIDDLE CLASS AMERICAN JOE.

The TEN DOLLAR CHASE BANK CREDIT CARD PAYMENT PROTEST CHALLENGE by MIDDLE CLASS AMERICAN JOE.

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Jamie Dimon Chase Bank Conspiracy Theory Revealed.

Chase bank reported excellent earnings for the second quarter, so did Goldman Sachs. It appears that most everybody else didn't do so good. It dawns on me that the longer the overall economy staggers and lists from side to side, the better the situation for anybody with money. Panicked sellers abound and buys are there for the taking.

When I then factor in the almost giddy like manner that Jamie Dimon likes to remind us all that his credit card division and home mortgage division are still languishing, doesn't it make sense that maybe Mr. Dimon WANTS his credit card division and home mortgage division to remain lackluster because a messed up economy reduces takeover and acquisition costs?

If the entire economy continues to tank, doesn't Jamie Dimon and Chase Bank continue to swoop in and make extremely profitable deals acquiring panicking companies at overly depressed values? While the economy is tanking, can Chase Bank get better derivative deals because there is virtually no competition?

If Chase bank can make huge short term profits in acquistions, mergers, and derivatives by creating ongoing losses in the credit card and home mortgage fields, it would help explain Jamie Dimon's almost cheerful reminders that his credit card and home mortgage divisions are still losing money.

I believe it is unethical to purposely do harm to millions of americans who had manageable credit card debt and solid home equity lines by raising credit card interest rates to almost 30% and freezing home equity lines well below fair market value, but it appears that is what Chase Bank has done. If so, then I also believe Chase Bank and Jamie Dimon are worthy of an FBI investigation. But hey, it's only me saying it.

Will anyone else join in?

In the meantime, if you in the media continue to refuse to link higher credit card default rates with HIGHER OVERALL INTEREST RATE CHARGES and Chase Bank's FREEZING OF HOME EQUITY LINES AT WELL BELOW MARKET VALUE, then you are actually fueling the economic downward spiral and are no longer a reporter reporting news, you are actually creating and profiting from it when you cash your paychecks.

If you haven't yet figured out that Chase bank is actually manipulating the economic slow down so they can profit from the slowdown, well, now you know.

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.

MSM Monitor: Banks Swipe Away Obama's Success

MSM Monitor: Banks Swipe Away Obama's Success

YouTube Video Against Jamie Dimon, Chase Bank and their Credit Card Interest Rate Bait and Switching.

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.

How BLOGGERS AGAINST CHASE BANK would have handled Chase Bank's raise in the Monthly Minimum Payment in a CLASSY, ELEGANT and REASONABLE MANNER.

I just wrote the following in a response to a Baltimore Sun article about Chase Bank's raise in the monthly minimum payment from 2% to 5% on a couple million of their never late, always on time paying customers. I decided the response was also appropriate for BLOGGERS AGAINST CHASE BANK readers as well......

The fact that Chase Bank didn't even bother to offer an INCENTIVE BASED credit card debt pay down program to customers with these terrific low interest rate loans is what bothers me the most.

It speaks to a level of arrogance and narcissism at the top levels of Chase Bank that is dangerous. Chase Bank executives actually believe paying down a low interest rate loan faster than a high interest rate loan is saving their customers money! This is completely incorrect.

Here is an incentive based credit card paydown plan that I designed that would have AVOIDED much if not all of the anger that is out there.

Offer customers a pay down your low interest rate credit card debt program at the SAME MONTHLY MINIMUM AMOUNT they are presently paying, and Chase Bank will send you a hundred dollars or take 200 hundred dollars off your debt!

And, make it an ongoing offer! If somebody wants to pay down their card for a few more months to lower their monthly payments, and then take advantage of the offer, that is fine too.

I just came up with an incentive based program that rewards customers who pay down their debts.

Additionally, if their customers agree to make the same payment they are presently making until their low interest credit cared debt is paid off, which accelerates the pay off date to 5 years or less....

The card would be immediately closed to new purchases, however a "sister card" could be issued with new terms. The new card's credit line would grow one dollar for every three dollars the other closed card is paid down.

The result is, people are judiciously paying down their old card while getting a new card with new terms, such as the 5% monthly minimum payment, but the credit line grows at a much slower rate on the new card since the goal is to get people to not go so far into debt. Most importantly, Chase Bank accelerates consumer payments back in a much more affordable manner.

No anger, no stress from their consumers, and no signs of a board of directors that think they don't stink when their stench is being felt from sea to shining sea.

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 it is important to treat Chase Bank Customer Service Nicely. What to put in your OPT OUT, Aribitration Request Letter.

There is little to be gained by being mean to a Chase Bank customer service rep. All you do is make them feel grateful they have an employer with so many mean people out there.

The fact that the meaness is a direct result of their bosses is a point that can be conveniently forgotten in times of stress. Ask friendly questions of your Chase Bank interrogators.

Keep in mind that Chase Bank interrogators have been told that the reason the monthly minimum payment has been increased from 2% to 5% is to "help" you pay down your debts. It is very important that you say the following when you are told this.

"What you say is only true if my other debts are at a lower interest rate than my debt with you. Unfortunately, that is not the case. So paying down my debt with you faster than my other debts is actually costing me money every month."

If your board of directors doesn't understand such a basic mathematical principal, maybe they should resign. Can you pass that message on, please?

Additionally, if you are a designated Chase Bank victim who is supposed to come up with a lot more money starting with your August Bill, I recommend demanding arbitration. In the arbitration letter, state that changing terms prior to the arbitration hearing is most likely illegal.

Chase Bank's point that they are helping their customers pay down their debt faster is a LIE if you have other debt at higher interest rates.

(Edit Update - July 17, 2009 - I have added new material below to make this article more well rounded.)

If Chase Bank is using mistaken reasoning for raising the monthly minimum payment, it shows cause for the arbitrator to side with you. Additionally, the Right to OPT OUT is normally given 99% of the time by ALL CREDIT CARD COMPANIES.

Request the arbitrator to either reject Chase Bank's change it terms because their "reduce your debt quicker reasoning" is wrong if you have other debt at higher interest rates.

Also, remind the arbitrator that the most reasonable solutin is to allow customers the right to opt out of the change in terms that Chase Bank is attempting to institute. If Chase Bank refuses to offer OPT OUT, the the arbitrator should rule on your behalf.

The arbitrator can rule against Chase Bank because Chase Bank did not allow the consumer the right to opt out, or because Chase Bank used faulty reasoning in coming up with their decision to raise the monthly minimum payment.

Finally, Chase Bank cannot argue they will lose too much money as other, more friendly proposals exist. Show the arbitrator that Chase Bank should not win when they came up with a very inflexible proposal.

If the arbitrator will listen, offer a counter proposal, such as a six month window for customers to pay down their debt at the 2% monthly minimum payment, or more if they can afford it, then Chase Bank can "lock in" that new 2% monthly minimum payment amount month after month.

The end result is NOBODY will get a raise in their monthly minimum payment, however Chase will get paid off quicker. It's pretty much a win win all the way around, with both sides giving up something and gaining as well. Virtually no consumer is saying the present payment is too much, they are saying the NEW 150% increase in the monthly minimum payment is undoable.

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.

A GREAT WAY TO PROTEST AGAINST CHASE BANK! HEAD OUT TO A JOAN BAEZ CONCERT WITH A CHASE BANK PROTEST SIGN!

CLICK HERE TO ENLARGE

If you are over 18 years of age and in good health, bring a friend, fully charged cell phone & digital camera, a Chase Bank Protest sign or tow, and find yourself a venue where there is a lot of foot traffic.

CLICK HERE TO ENLARGE

Find a Safe Location to set up two chairs and a hand held sign, and let hundreds and thousands of people walk by you and a friend and see your message.

CLICK HERE TO ENLARGE

Sample messages include CHASE BANK, KEEP YOUR WORD! or BLOGGERS AGAINST CHASE BANK.com or DAILY-PROTEST.com

My two protest signs that I brought with me to the Joan Baez Santa Monica Pier Concert last night were DAILY-PROTEST.com and CHASE BANK, KEEP YOUR WORD.

CLICK HERE TO ENLARGE

If someone disagrees with you, no need to get angry, there will always be at least one self righteous people everywhere you go. Although last night I did not find one such person among thousands who walked by my two signs. Yet, several dozen people stopped to talk, and others waited to talk, but then left if I could not get to them fast enough, afterall, this is their night of fun.

CLICK HERE TO ENLARGE

If somebody has a question, always be polite and smile since they have taken the time to ask you during their family fun time. I will probably make up a one sheet to hand out. I ditched the bigger sign and went with two smaller signs when I actually set up in my final spot of the night.

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.