Is Elizabeth Warren the next Ralph Nader?

I suggest reading about Elizabeth Warren and trying to support her efforts to create a consumer protection financial agency.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Jamie Dimon sleazes it up with both the Democrats and the Republicans.

It is easy to connect the dots when it comes to Jamie Dimon and behind the scenes politicking with both parties. Check out what Marcy Kaptur had to say about Jamie Dimon by clicking here, she now seems vindicated as Dimon meets with Ohio Republicans to possibly thwart a consumer protection financial agency.

And lets not forget Dimon Proposed sending thousands of jobs to India in March of 2009.

Now a year later, and Jamie Dimon is meeting behind the scenes with Ohio Republicans, possibly to defeat consumer protection financial reform.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Why can't the Banksters and Barack Obama understand the nobility of a homeowner willing to convert unsecured debt into secured debt?

While 25% of all homeowners are now "upside down" on their home mortgages, that also means that 75% of homeowners are not upside down. Of the remaining 75% homeowners, probably another 25% have some, but not much equity built up in their home.

However, this still leaves 50% of all homeowners who probably still have a significant amount of equity in their home. Homeowners with substantial home equity who are presently out of work are being IGNORED by the Barack Obama administration and the banksters, and it is creating a very uncomfortable situation.

Imagine a homeowner that is in their 50's and who spent 20 plus years paying off their home mortgage that they originally purchased for 100,000 dollars (along with a whole lot of interest payments mixed into their monthly mortgage payments as well), and now their home is worth 360,000.

After the home was paid off a few years ago, the homeowner took out a home equity line of credit, called a HELOC, for 60,000 to help pay for their kids education, make some necessary home improvements, and deal with some unexpected medical bills.

This homeowner still has 300,000 dollars worth of home equity on their 360,000 dollar home. Bad news hits, the homeowner worked in the newspaper industry and their job has disappeared. This person is still 5-10 years away from retirement, but rather than jump into another job right away, they have taken in their elderly parents and will be responsible for transporting both of their parents to all of their medical visits, including hospital visits and staying overnight at the hospital if necessary.

This person wants to take time to figure out what kind of business they can run from home because they don't want to be gone all day with two elderly parents in the house.

Unfortunately, the homeowner did pay a price when they paid off their home, they never really were able to create substantial savings because they instead focused on paying off their home mortgage.

So now we have a homeowner with no mortgage, 300,000 dollars home equity on a 360,000 dollar home, no job at the moment, and they want to take longer to find a job because they want to find something they can do from home so they can monitor their parents.

Being cash poor, job poor, but home equity rich, this person asks their bank for a HELOC increase from 60,000 to 100,000. The bank asks about their income situation and the homeowner honestly answers they are in between jobs and won't have another job for another year.

If the bank agrees to raise the equity line, the homeowner will have an additional 40,000 dollars to spend, plus an additional 260,000 in untapped home equity. THE BANK IS IN NO DANGER OF LOSING ANYTHING ON THIS INCREASE IN THE LINE OF HOME EQUITY. If the homeowner were to eventually default on the entire home equity line of 100,000, the result would be the bank has possession of a home worth 360,000 dollars that only had 100,000 thousand dollars taken out.

Here is what I find strange. What the homeowner is basically requesting of the bank is a conversion of unsecured debt into secured debt (home equity line). For years consumer advocates have been advising against converting unsecured debt into secured debt since secured debt means the bank can sell off your assets to collect on your debt.

However, unsecured debt is more difficult for banks to collect against because what was purchased on credit is generally not considered an asset worth reselling.

The bankster industry has gotten so backwards that rather than embrace a homeowner's willingness to convert their unsecured debt into secured debt that is backed by actual equity in a home, the bank would rather REJECT the request to raise the home equity line.

Keep in mind that the homeowner is going to use an increase in the HELOC to keep paying their monthly bills. A SIGNIFICANT portion of their monthly bills includes sending checks to the banks for monthly credit card payments, checks to insurance companies (closely related to the banking industry), another check towards the monthly payment on the equity line (again back to the bank), a check may go towards a payment on the car (once again financed by a bank somewhere). Even checks made payable to the local water and power company usually help the bottom line of cash starved cities who usually oversee water and power!

Do you see the part here that doesn't make much sense. The homeowner is basically parceling out their SECURED ASSET, built up home equity that may have taken as long as 30 years to build up, so they can be responsible and keep paying their monthly bills.

The homeowner is actually converting their unsecured debt into secured HELOC debt while NOT endangering the banks ability to collect on the overall HELOC debt because the home is still worth much much more than what the HOMEOWNER is borrowing against. The borrowed HELOC is easily recoverable by the bank should the homeowner default at a later date.

If the banks won't work with people who have built up a lot of home equity but have no job at the present time, perhaps the banks stand to gain by simply prematurely suffocating a customer financially by not letting them gain access to the secured wealth they built up through years of making their mortgage payments on time.

The too big to fail banking behemoths that were recently bailed out by the taxpayers are not allowing taxpayers to access their own homeowners sweat equity when it becomes necessary, even when an increase in a home equity loan poses virtually no financial risk to the bank and actually benefits all the vendors the homeowner can keep paying.

Here is what one homeowner did when a bank tried to foreclose on their home even though the homeowner still had around 60% home equity built up in the home.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

John Clinton, On the streets Protesting a Major Bank and their Practices.

The bankster revolt appears to be growing. Meet John Clinton. Click here to read the story at Huffington Post written by John Delaney.

I'm not sure that putting protest stickers on someone else's property is a wise idea, but I can understand the frustration that can lead one to want to do something when they see that government is too afraid to tackle the consumer credit card debt issue head on.

You can visit John Clinton's website by clicking here. I emailed John Clinton about adding links to other credit card and banking protest sites. I'm trying to get everybody to link to each other. If you want to encourage Mr. Clinton to put up links to other credit card and banking protest blogs, I sure would appreciate it.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Washington Post Article "Five Myths about America's Credit Card Debt"...

Definitely worth a read, the Washington Post Article "Five Myths about America's Credit Card Debt", click here to go there.

However, this article, and the media in general are still afraid to connect the destruction of local economies all over the country to "too big to fail" national banks that are taking the interest they charge on consumer credit card debt and either pocketing it as billions in bankster bonuses, or reinvesting the money anywhere but in local U.S. Economies.

The article also does not then show the link between the 15 billion dollars a month being stolen by banks in the form of interest rate charges on EXISTING credit card debt and the increase in home foreclosures.

Sadly, the banks eventually may make out ok since they can take over ownership of foreclosed homes for pennies on the dollar, and either hold on to them or simply resell the foreclosed home to those whomever they like, while still sticking the original homeowner with the entire debt based on the original price of the home and what they gave the home away to in auction.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Regulate Me! Credit card edition | Washington Examiner

Regulate Me! Credit card edition | Washington Examiner

It appears that Barack Obama is having as much success at protecting consumers from the banks as OJ had in vowing to find the murderers of his wife.

Please Download the Chase Bank Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Powerful Article about Usury and the Credit Card Companies from the Christian Century dot org.

I was really thrilled to see the church take such an active role in the credit card interest rate attack on american citizens that is presently going on. Please read their article about usury, it is very well done and very important by clicking on this sentence.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

The Bankster who broke Glass Steagull, Sandy Weill, has a Trophy that reads "Glass Steagull Shatterer".

CLICK ON IMAGE OR HERE TO ENLARGE

The former head of Citibank, not to be outdone by the middle aged slobs that go to Africa for canned hunts, apparently has a Glass-Stegall "shattered" trophy specially made.

Read the story at Huffington Post.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

MOVE YOUR MONEY dot INFO spreads the message of moving your money to a community bank from the banks that are too big too fail.

MOVE YOUR MONEY DOT INFO

CLICK ON IMAGE TO ENLARGE.

One of Daily-Protests header images that was originally posted in the second half of July 2009 is coming home to roost as others propogate the movement.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

CHASE BANK OWES 60,000 HOME MORTGAGE OWNERS MONEY!

You may have been overcharged home mortgage closing costs by Chase bank if you did your mortgage through Chase Bank between 2001 to 2008. Always glad to spread the word when it comes to Chase Bank returning money. Click here to learn more.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

TheBurningPlatform.com » Economy » THE REAL WORLD - How Bank of America Almost Destroyed a Small, Profitable Business.

TheBurningPlatform.com » Economy » THE REAL WORLD - This story focuses on Bank of America, but I'm pretty sure all the major banks have been cutting credit lines overnight even with businesses that have a proven track record.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Controversy arises over Chase Bank Facebook Charitable Organization contest, boycott of Chase Bank is called for by some non profits.

An interesting development has occurred over the Chase Bank Charitable program giveaway. Chase Bank is funneling a tiny fraction of the money they STOLE from their own customers when they raised their monthly minimum payment on life of the loan, low interest rates from 2% to 5% and is giving that stolen money to charitable donations.

A couple of days before the Chase Bank Facebook contest was over, the public tally of the votes was removed from the Chase Bank Contest pages. A few groups that were in the running suddenly fell out of the top 25 and are now protesting Chase Bank.

I actually have empathy for Chase Bank over how they divide the miniscule percentage of the grand total of money they have stolen from their own credit card customers. Sure these Chase Bank customers had their low interest credit card rate, life of the loan agreements changed so that they to come up with 150% more money every month for their monthly minimum payment obligation, but Chase Bank needed a small portion of that stolen money to generate positive publicity for themselves!

Apparently, Chase bank was concerned that some of the charitable organizations were political groups and they did not want to get caught making donations to politically charged 501c groups.

So in this one instance, I do feel a touch of empathy for Chase Bank being blamed for trying to do the least politically explosive thing. Too bad they don't treat their best, never late paying credit card customers the same way.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Chase Bank Pulls the All Time Grinch maneuver, steals from own customers then gives a fraction of the looted goods to non-profit Facebook Groups.

Chase Bank has just played the roll of the Grinch who stole Christmas, but with a deviant twist that would curl the chromosomes of the original Green with Envy, Grinch.

Rather than giving back the stolen presents to the families that the Grinch had originally stolen them from, Chase Grinch hightails it to the next town, a town called Charityville USA, and gives a small fraction of the previous townspeople's stolen loot to the Charityville townspeople.

When Chase Bank accelerated the monthly minimum payment of over a million of their never late paying customers by 150% per month, (all of whom had super low, life of the loan interest rates), Chase Bank basically absconded with millions of dollars in monthly interest rate savings from these customers.

Now to make amends, Chase publicizes how generous they are by giving money, a fraction of what they stole from their own customers, to charitable organizations via their Facebook C Community Giving Promotion.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

New Blog Announcement, Parallel Foreclosure is now online and will be used to link to other Chase Bank Watchdog Blogs.

Great News, you can now use the Parallel Foreclosure Blog to keep track of several Chase Bank Watchdog Blogs, plus other blogs that carry info about parallel foreclosures.

The Parallel Foreclosure Blog will list easy to find links to several other Watchdog blogs. By simply bookmarking the Parallel Foreclosure Blog, you can maintain easy access to several other home modification banking watchdog blogs, plus chase bank watchdog blogs.

Parallel Foreclosure is a phrase that sounds sophisticated, but has potentially life changing consequences for those who get swept up in its path. Banking institutions can honestly look you in the eye and attempt to help you re modify your home loan even while a different banking division within that same bank is filing all the necessary paperwork to foreclose on your home!

But it is even worse than that. In some states banks can then actually get ARMED law enforcement officers to show up and evict a homeowner based on the word of the bank and with no judicial involvement of any kind!

As of December, 2009, there are 10,000 foreclosures every day in the United States, wow!

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

St. Valentines Day Mortgage Massacre 2009, what was promised over 9 months ago has not been delivered.

It is sad to revisit this Valentines Day 2009 story from the Washington Post and see that nothing much has changed between Valentines Day 2009 and Thanksgiving Day, 2009 in regards to home loan modifications.

Apparently 10,000 homes get foreclosed upon each and every day. Since Valentines day, almost 3 million more homes have been foreclosed upon.

There is a new credit bill being proposed that is supposed to cap credit card interest rates at 16%. The republicans are OPPOSED to this bill, remember that the next time you vote.

If you want more balance in congress between democrats and republicans, then tell your republican congressman YOU WANT A CAP ON CREDIT CARD INTEREST RATES or you won't vote for them next time around.

Our entire economy would be better off paying a 3-5% monthly minimum on 16% or less interest rates versus paying a 2% monthly minimum payment on interest rates that go as high as 29.99%

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Wall Street Journal reports Citi wants more mortgage principal forgiveness.

This is really a big deal. Citi appears to be aggressively trying to do the hard work, the work of keeping people in their homes. Citi actually reports their progress in helping homeowners stay in their homes every 3 months, whereas the other larger banking institutions do not.

Citi is also the first major bank advocating principal forgiveness on homes that have lost a lot of value and left the homeowner upside down. You can read the entire article at the Wall Street Journal by clicking on this sentence.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Loan Safe dot org has a powerful Chase Bank mortgage discussion forum.

Even though I have been blogging for over half of a year about Chase Bank, I still am always discovering new places on the internet that are discussing Chase Bank.

Loan Safe dot org may actually be the most powerful interactive forum devoted to Chase Bank Banking practices in regards to home equity lines, home loan modifications, and foreclosures.

Check out Loan Safe dot org Chase Mortgage forum by clicking on this sentence.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Facebook and Chase Bank join forces to give away five million dollars that Chase Bank just took from their own never late paying customers.

First Chase Bank changed terms on a million of their never late paying credit card customers. The changes included raising monthly minimum payments from 2% to 5%, or if one was paying 400 dollars a month, the new payment would have been 1,000 dollars on low interest rate, life of the loan credit card loans.

Any customer who had other debt at higher interest rates would have actually lost money by being forced to pay down their Chase Bank debt faster than their higher interest rate debts.

So what does Chase Bank do with the extra money that is suddenly coming in even as they wipe clean these low interest rate life of the loan accounts from their banks in an accelerated manner? Chase Bank is using that ill gotten money on Facebook.

Chase Bank is "giving away" five million dollars to charities. That money that Chase Bank is "giving away", as far as I am concerned, it came from their own customers. Diverting money from one group of people to a new group of people while posturing that it is a giveaway to non profits is just another, sleazy example of how Chase Bank operates.

Check out the Facebook and Chase Bank partnership.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.

Changes made to credit cards add up | ajc.com

Changes made to credit cards add up | ajc.com

"Chase has brought us a lot of clients,” Reed said. “People just can’t afford that.”

Dick Reed is a manager for the debt management team at Consumer Credit Counseling Service of Greater Atlanta, comment on various Chase Bank tactics that appear to be driving Chase Bank customers to his company for assistance.

I'm not suggesting anybody actually use these services unless they are referred by someone they already know and trust. But business appears to be good for some of these companies, and that is probably both a good and bad thing.

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Chase Bank has job openings in the Philippines to service North American Accounts.

When I first came across this story I let it go because it's a free world. Chase is an international banking company. If they want to hire people of filipino descent to service the Asian sector of their customer base, that is fine and dandy. So, I let the story drop, or so I thought.

Then I discover the advertisements for the Chase Bank Philippine customer service jobs are becoming more aggressive. The Chase Bank Philippine customer service jobs are to service North America and the "151 billion dollars in US consumer debt" that Chase Bank "owns".

Thanks Chase, just one more way you rob from main street, take bailout money, give out big bonuses to your executives, and outsource jobs elsewhere. You really are a piece of work.

Please Download the Chase Bank Protest Protest Flyer for FREE, and then all that needs to be done is just give a few copies out, it is really that simple.