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.

Are you COMING TO THE JULY 9TH JOAN BAEZ CONCERT AT THE SANTA MONICA PIER WITH your DAILY-PROTEST.com SIGN? SAY YES.

CLICK ON IMAGE TO ENLARGE.

What could be better than a March to the Santa Monica Sea while protesting against Chase Bank and then seeing a FREE Joan Baez Concert at 8pm! If you don't need a doctor's permission and are healthy enough and close enough to walk to and from the Santa Monica Pier you can see a free Joan Baez Concert, so why not bring a lightweight Daily-Protest.com sign with you?

Or, you can go for the hipper BLOGGERS AGAINST CHASE BANK.com sign. Either way you will be helping to spread the word against the turd known as Chase Bank.

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 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.

CANADA GETS it RIGHT when it comes to PROTECTING MERCHANTS AGAINST EXCESSIVE CREDIT CARD TRANSACTION FEES. CANADA even has an OPT OUT OPTION!

Canadian lawmakers have decided to do what Congress in the United States pretended to do, which is actually protect their own businesses from out of control credit card merchant fees. Canadian Lawmakers are proposing a "Code of Conduct" for the Credit Card Industry and how they treat their small business merchants.

Companies such as Seven Eleven lead a fight in the United States against unfair credit card merchant/transaction fees. Transaction fees are the amount small businesses get charged every time you the consumer use your credit card.

In Canada, they are formulating a plan to help small businesses against excessive merchant/transaction fees. What is interesting about Canada's merchant/transaction fee bill of rights plan is that it actually includes, almost to the word, one provision that Daily-Protest.com has already been advocating for the past few months.

MERCHANTS SHOULD BE ABLE TO EXIT A CONTRACT WITHOUT PENALTY IF THE TERMS CHANGE...

Daily-Protest has been advocating that CONSUMERS SHOULD BE ABLE TO EXIT A CONTRACT WITHOUT PENALTY IF THE TERMS CHANGE!

Daily-Protest.com (a sister blog of Bloggers Against Chase Bank) recalls getting several Canadian hits in a short amount of time several weeks ago and wonders if perhaps, just perhaps, the highlighted provision came from reading Daily-Protest.com.

CHANGE IN TERMS.com has also been advocating the right to OPT OUT on the web since December of 2008, they too complained about Chase Bank's decision not to allow opt out to almost a million of their own customers.

Prior to that, On March 23, 2004, I personally wrote letters to EVERY ATTORNEY'S GENERAL in the United States and surrounding US territories complaining about terms changing with no OPT OUT clause by GM Card.

It would be proper for Daily-Protest.com or Change in Terms.com to be acknowledged and credited by the Canadians if they incorporated our ideas into the Canadian Merchant Fee/Transaction Credit Card Reform bill, however...

...The sad reality is the OPT OUT PROVISION IS a NO BRAINER that SHOULD ALSO HAVE BEEN INCLUDED in the CONSUMER CREDIT CARD BILL REFORM ACT that was recently signed into law in the United States!

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.

ASSOCIATED PRESS IDENTIFIES CREDIT CARD COMPANIES as the DESTROYERS of the ECONOMY with their ME FIRST ATTITUDE.

This is what I have been saying all along, CREDIT CARD COMPANIES ARE DESTROYING THE ECONOMY WITH THEIR ME FIRST ATTITUDE.

In my opinion, this AP article PROVES that PUNITIVE BASED, CREDIT CARD DEBT PAYDOWN Programs are AN ECONOMICALLY DESTRUCTIVE METHOD WHEN COMPARED TO INCENTIVE BASED CREDIT CARD DEBT PAYDOWN PROGRAMS.

Local and state governments are having their tax revenue pinched by overly aggressive Credit Card Company tactics that bankrupt people by garnishing their wages. These indentured citizen slaves may then go on federal and state funded welfare programs. Less people paying into the system, more people attaching themselves to the system then leads to these local and state governments trying to raise taxes on the ever shrinking small business owner base! ALL BECAUSE THE CREDIT CARD COMPANIES HAVE TAKEN A ME FIRST ATTITUDE in the present economic crisis that they helped create in the first place.

The AP article discovered that states that allow a credit card compay to garnish a debtors wage have MUCH MUCH HIGHER PERSONAL BANKRUPTCY RATES than states that protect the consumer, and this is a very important piece of information to analyze.

If Chase Bank gets away with raising the monthly minimum payment by 150% starting in August of 2009 on over a million of their most trustworthy and on time paying customers, we will see an even greater downturn in economies all over the country as people pay the Chase Bank Beast and have no money left for other local expenditures in their own community.

Even if these over one million people protest and don't pay their Chase BAnk bill, their credit score will be harmed and they will just pay more in interest rates. Either way, the state gets NOTHING but headaches, while the credit card companies rake in money no matter what happens.

These over one million Chase bank customers may simply give up and file for whatever federal and state benefits they can get, putting further strain on local and state governments as they experience an ever shrinking tax base.

This specific AP article supports the very core messages that I have been writing about for the past few months here and at Daily-Protest.com.

However, the method the AP used to reach the same conclusion as I did is forensically superior to my method since they have actually provided statistical data to back up my point. I just knew what I knew, the AP has actually delivered the undeniable data.

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 CONSUMER FINANCIAL ADVISORS LIKE DAVID RAMSEY and SUZE ORMAN BUG ME.

Do Suze Orman and David Ramsey only accept advertising dollars from companies that don't accept credit cards? Do they make it a stipulation that all of their advertisers only accept checks or debit cards or credit cards that must be paid off at the end of the month? Probably not.

According to David Ramsey's own rules, he should have waited until he could find SPONSORS that did not accept credit cards before starting his own show.

David Ramsey appears disinterested about fighting unethical credit card company practices. Rather than fight for the consumer against unfair credit card practices, Ramsey almost embraces the unethical behavior so he can create an "I told you so atmosphere", and then profit from that I told you so atmosphere by trying to "heal your pain".

Suze Orman, whom I also have occasionally have watched, appears to me to have absolutely no back bone when it comes to fighting against economic injustices. It's always, invest, invest, invest, save, save, save, but never fight against the corporate establishment's wrong doings.

These two "consumer savings/investing consultants" should know that now is not the time to judge people with debt, now is the time to fight the credit card companies into helping their customers pay down their debts by offering incentive based credit card pay down programs.

Check out consumer affairs dot org to see how awful Chase Bank is behaving. http://www.consumeraffairs.com/credit_cards/chase_credit_cards.html How cold hearted, or bought off, can Suze Orman or David Ramsey be if they have no stomach to take on Chase Bank when it has become obvious to many that Chase Bank's actions fall out of the realm of decent behavior are actually endangering the living conditions for so many consumers.

Is David Ramsey going after Chase bank, or, is David Ramsey profiting from Chase Bank's bad behavior by reminding everybody he told you so, and in the process VALIDATING Chase Bank's bad behavior even as he accepts advertising dollars from companies that rely on credit card debt to make additional profits.

The "I told you so mentality" is not helping, Mr. Ramsey and Ms. Orman, now is the time for all reasonable people to help each other, not a time to lecture the masses while profiting from the same old lecture.

http://www.daily-protest.com

http://www.bloggersagainstchasebank.com

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.

ANOTHER BAD GUY AWARD FOR CHASE BANK CREDIT CARD DIVISION COURTESY OF SMART BALANCE TRANSFERS dot com.

It just doesn't end. Out of hundreds of horror stories that were submitted to smart balance transfers dot com, Chase bank's 2% to 5% raise in the monthly minimum payment on over a million of their best, most trustworthy and always on time paying customers is one of three finalists.

It must make one proud to work for Chase, be on their board, or have stock in their company, not.

LA TIMES POLL REVEALS 87.5% DISAGREE WITH CHASE BANK'S RAISING OF THE MONTHLY MINIMUM PAYMENT REQUIREMENT.

In the LA Times / David Lazarus POLL,

"Is Chase Bank playing fair with cardholders by raising the minimum payments?" 75.5% say it is a raw deal.

Just as importantly, an additional 12.0% say Chase should at the very least honor past agreements which would include the CONSUMER OPT OUT clause, making for a combined 87.5 PERCENT AGAINST CHASE BANK's UNILATERAL DECISION TO PLAY GOD WITH YOUR FINANCIAL OBLIGATIONS.

In other words almost 8 out 9 people who responded to the LA TIMES / David Lazarus Poll think Chase Bank Sucks! 

Just as importantly, an additional 12.0 percent say Chase should at the very least honor past agreements which would include the CONSUMER OPT OUT clause, making for a combined 87.5 PERCENT AGAINST CHASE BANK's UNILATERAL DECISION TO PLAY GOD WITH YOUR FINANCIAL OBLIGATIONS.

In other words almost 8 out 9 people who responded to the LA TIMES / David Lazarus Poll think Chase Bank Sucks!

WOW.

Lets keep fighting Chase Bank.

Chase Bank has until July 15th, 2009 to reverse their decision to raise the monthly minimum payment from 2% to 5% on over a million of their best paying customers or BLOGGERS AGAINST CHASE BANK IS demanding THE RESIGNATION OF ONE CHASE BANK BOARD MEMBER.

BIG TIME CORPORATION SEVEN ELEVEN GOES AFTER THE CREDIT CARD INDUSTRY, HARD!

I walked into a Seven Eleven Store today and was AWESTRUCK when I saw a petition at the counter with 246 signatures protesting the high cost of credit card transaction fees. WOW!

CLICK ON IMAGE TO ENLARGE.

This is proof for you that PROTESTING AGAINST CHASE BANK AND THE CREDIT CARD INDUSTRY can be done, AND THAT CORPORATIONS ARE DOING IT!

HOW ABOUT YOU!

On my Daily-Protest.com blog site I have been advocating making signs that say Daily-Protest.com and posting them in storefronts, bulletin boards and countertops!

Raising awareness about the unhappiness with the credit card industry, and Chase Bank in particular, is critical in our successful attempt to stop Chase Bank in their tracks when it comes to raising monthly minimum payments requirements on over a million of their most reliable and most trustworthy customers.

SEVEN ELEVEN is saying enough is enough, BLOGGERS AGAINST CHASE BANK AGREES!

246 petition signers FROM JUST ONE SEVEN ELEVEN LOCATION!

For all you business owners out there, Chase Bank is cutting into your business! Chase Bank has forced over a million of their best customers to make a decision, accelerate the paying down of a low interest rate debt, or order a product or service from YOUR BUSINESS.

On top of that, as your business activity declines, local governments and state governments PANIC because less tax revenue is coming so they want to raise your taxes! In Bloggers Against Chase Bank's opinion, If you don't stop Chase, Chase WILL stop you by unnecessarily emptying out your wallet.

EXCITING ANNOUNCEMENT COMING UP LATER TONIGHT, YOU DON'T WANT TO MISS IT!

ARCHIVE PHOTO FROM Daily-Protest.com 

Don't you hate cliff hangers? Stay tuned for portions of next weeks show! Teasers! Don't go away, we'll be right back! Coming up next, and so on....

Well I just found out there is a HUGE PLAYER in the Credit Card Industry Controversy who is also fighting the credit card companies as well. Stay tuned for an exciting update later today.

Don't you want to see the Board members of Chase Bank crying like babies when they either lose their job or lose face? Just don't lose that vision, and lets make it a reality.

I personally would settle for Chase Bank just doing the right thing, but I think Chase Bank has lost sight of what doing the right thing really means, and they need our help getting back on track.

We'll be right back! (edit note, click here for big time announcement)

JULY 15, 2009 is CHASE BANK'S FINAL DAY to REVERSE THEIR 2% to 5% MONTHLY MINIMUM PAYMENT HIKE or a CHASE BANK BOARD MEMBER MUST RESIGN!

July 15th, 2009 is Chase Bank's final day to OPT OUT of their decision to raise the monthly minimum payment from 2% to 5% on over a million of their most trustworthy and reliable customers.

If July 15th. 2009 passes and Chase Bank does not reverse their 2% to 5% monthly minimum payment demand on over a million of their most trustworthy customers, or at the very least offer an OPT OUT OPTION, then one Chase Bank board member must resign.

Of course, the 2% to 5% reversal or and OPT OUT OPTION will still need to happen even if a board member resigns.

Accept no substitutions, lets have a plan and stick to it.