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.

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.

MORE BACKLASH FROM BANKING INDUSTRY EMPLOYEES AGAINST THE BANKS, WOW!

ANOTHER TIMEBOMB ARTICLE courtesy of the AP.

Credit Card Employees being pressured to ring up charges on their customers. Of course Chase Bank practiced and apparently still practices these kind of shenanigans to this very day.

Please help stop Chase bank before they ruin your community.

WELCOME TO BLOGGERS AGAINST CHASE BANK!

The goal of Bloggers against Chase Bank is simple. Get Chase Bank to reverse their decision to raise the monthly minimum payment from 2% to 5% on existing low interest rate credit card loans to over a million of their most trustworthy and reliable customers.

If Chase bank does not reverse their decision by July 15th of 2009, then this blog will advocate the removal of one Chase Bank Board member AND the reversal of their decision to raise the monthly minimum payment from 2% to 5% on their most trustworthy and reliable customers.

After July 15th, new dates will be set for the removal of a SECOND board member along with the reversal of the 2% to 5% raise of the monthly minimum payment on their most trustworthy and reliable customers.

How does Bloggers against Chase Bank know that Chase Bank has targeted their most trustworthy and reliable customers and set them towards a path of credit default? Because the only way to keep a Chase Bank, life of the loan, low interest rate credit card loan is to never be late making a payment.

Chase Bank has targeted over a million trustworthy and reliable customers for economic hardship, and this blog's goal is protect the very backbone of america, people who have earned these great low interest rate deals and have kept their end of the bargain by diligently paying down these credit cards.

The question now becomes, can Chase Bank keep their word and stick to the original agreement they had with their customers? If Chase Bank cannot stick to the original low interest credit card deal, can Chase Bank at the very least allow all of their customers the RIGHT to OPT OUT of the CHANGE IN TERMS that is now being forced on their unwilling customers.