Day 33, Chase Bank Protest. Barack Obama to conduct town hall meeting about credit cards. I guess myself and other consumer advocates are not invited.

Reuters reports that Barack Obama will hold a town hall meeting about credit cards.

I find this type of political maneuvering disturbing.  

The sad truth about credit card debt and the credit card industry is that tens of millions of people are being oppressed by the credit card industry, but these tens of millions of american don't think they are being oppressed as long as they can make the monthly minimum payment. Ironically, it is the low monthly minimum payment that has indentured these same millions of americans without them realizing it.

The other sad truth is not every complaint about credit card debt is a valid one. A town hall meeting will simply meld together the less valid, lack of personal responsibility complaints with the gut wrenchingly sad, unfair, and anti american behaviors that ARE PERPETRATED against american citizens by the credit card industry.

The United States has a population of over 300 million and over 200 million adults. That means that even if 10 million americans have been absolutely treated unfairly and are indentured to credit card debt for the rest of their life, that still only works out to 5 percent of the adult population!

This also means that if the town hall meeting is a random sampling of the adult population, then only one in 20 at that meeting will have the hard hitting examples we need to hear about. Imagine going to a football game in which only 5% of those in attendance actually understand football, and the rest of the stadium is comprised of tennis, baseball, basketball, golf fans and so on.

I don't want the hard hitting core issues to be diluted by somebody complaining because their credit line they were not using was cut in half, or that they were preapproved for a card then denied. The reason I don't want to hear about those issues is they will DILUTE the MORE IMPORTANT ISSUES THAT ALREADY EXIST AND ARE MORE HEINOUS!

Extremely important credit card issues that already exist include, the theft of frequent flyer miles from AMEX customers, those miles were then "reallocated" by American Airlines to Citibank in exchange for lower interest rates on loans that American Airlines requires.

Extremely mportant credit card issues include CHANGING TERMS WITHOUT ALLOWING THE CUSTOMER THE RIGHT TO OPT OUT once the see the changes on their billing statement.

Extremely important credit card issues include not dropping a credit line to either below, at, or just above the amount of credit card debt a person already has. Lower the card limit if you must, but give the consumer a bit of a soft landing as well.

Extremely important credit card issues include changing the credit card industry from punitive based policies that are punishing people with stellar payment histories to incentive based policies that reward credit card users with excellent paying and responsibility records.  Also, reward anybody who is intent on PAYING DOWN their debt.

Extremely important credit card issues include a higher monthly minimum payment requirement for college aged kids just starting out with credit cards. A TEN PERCENT MONTHLY MINIMUM PAYMENT REQUIREMENT FOR COLLEGE KIDS would reduce the amount of debt a college age person would acrue and limit the credit card companies losses as well.

Extremely important credit card issues include not labeling customers "toxic assets" because they have low interest credit card accounts that they EARNED by having an excellent payment history.

As you can see I've just outlined six really important credit card issues that could take an entire town hall meeting to discuss at length, especially if customer horror stories related to these six issues are discussed as well.

Instead, Barack Obama's town hall meeting will probably see such a bombardment of issues that there is a chance that the american citizen will be made out to be a whiner and complainer.

Help Daily-Protest.com grow.CHASE BANK PROTEST-DAY 9. HOW YOU CAN HELP THE DAILY-PROTEST.com CREDIT CARD PROTEST GROW WITHOUT EVEN PROTESTING YOURSELF, AND IT IS FREE.

Chase Bank Protest - Day 12, Taking it to the Streets and Freeways of Los Angeles.

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Today was spent making funeral arrangements for my father.

I put the DAILY-PROTEST.com sign in the rear window of the car and we drove 80 miles in Los Angeles traffic going to our appointments for the day, most of the driveway was freeway driving. A bunch of it in stop and go freeway traffic. (for safety reasons I am not advocating anyone else do this).

It appears DAILY-PROTEST.com picked up a few Southern California hits as a result! I drive extra carefully because the Daily-Protest sign does take up space in the back window so I am not advocating anyone else do this. I take many more quick glances out of both side view mirrors to make up for having less viewing area in the back and this safety technique is not something I can easily teach to others.

If you want to help reverse Draconian Credit Card decisions made by Chase Bank boardroom numbskulls who have no faith in the american people and are instead trying to capture as much of our wealth as soon as possible, rather than free it up, then join my protest, it's easy.

Just make signs with the words DAILY-PROTEST.com and put them somewhere where others will see them. Just make sure your signs won't fall on somebody or into traffic. Your signs should not have sharp edges nor should they distract people who are driving or otherwise moving, or obsruct other people's view. Make the letters nice and thick so they are more visible. Hand made or designed on a computer, either is fine. Perhaps you can leave them on a bulletin board where you work, or on a counter-top. If you own your own business, it would be amazing if you could put a Daily-Protest.com sign in your store window.

If dozens of people put these signs up, this site would probably gain 50 hits a day, or more, and that's 50 more people a day we can educate about Chase Bank and their racketeering ways. I did not come up with the phrase racketeering. I told a doctor what I was doing and why, and they used the term "racketeering" to describe Chase's tactics, and I agree. Changing terms on an existing account and not allowing the customer the opportunity to say "I opt out" is racketeering in my opinion.

Chase Bank, soon to be known as Change Bank (as in the bank that changes terms, leaving their customers with only the change in their pocket) if they don't reverse what they have already started.

DAY FOUR OF PROTEST AGAINST JP MORGAN CHASE BANK - SOUNDS OF HORNS HONKING TO MY PROTEST SIGNS !

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Yesterday Early Evening Protest from 6:10 to 7:40 generated the most response from cars passing by. The Chase Bank located at 6400 Platt Ave. in West Hills, California appears to be a solid location for getting the community to look and learn. It is inevitable with each passing day that more of Chase's unethical and perhaps illegal 250% increase in the monthly minimum loan repayment bills are reaching their customers.

The shock of seeing a monthly minimum payment rise from two hundred dollars to five hundred dollars in these stifling economic times should be more than enough to get people involved by going to this website. If you can't protest, please, send a link to this website to your own personal email list.

The more people this website can make aware of Chase's unethical ways, the quicker Chase can be "changed" to a more civil and ethical policy.

If Chase wants to hire me as a consultant, I would gladly give a solution to the mess they have created that should make most people happier than what Chase has already implemented. I am a complete outsider, and that is what is needed to prevent the type of billing maliciousness and malfeasance that Chase is attempting to implement by lowering the standard of Credit Card to that of racketeering.

If Chase is not stopped, all the other major credit cards will follow! Citibank is now doing virtually the same thing as Chase!