You can also CLICK on the PICTURE to go to WALL STREET CHANGE BLOG.

Sunday, October 23, 2011

Occupy Movement, a Movement about Protest, Disruption, Revenge, or Protection?


I question the premise that this is a movement that must choose between protest or disruption. I believe that Occupy can be a movement about Protection.
Right now 5,000 to 10,000 homeowners are being foreclosed upon each and every day in the United States.
I am concerned that the Occupy Movement is more about people under the age of 35 who just don't care enough about people over the age of 35. If Occupy doesn't care enough about the people who are about to fall off the foreclosure cliff at the rate of 5,000 to 10,000 a day, then that may mean Occupy is really more about the protestors themselves than any one issue that is bigger than them. 

If Occupy is more about revenge and prosecution of a few wall street criminals while 5,000 to 10,000 americans are foreclosed upon each and every day, then just what 99% is the Occupy movement representing?

If Occupy could change one thing that would actually have an instant effect and actually help the 99% that Occupy portends to represent, I would suggest changing the banking law that requires a person default before their debt can be restructured.

Change this one banking law and the robbery of main street's wealth can be mitigated. Suddenly Occupy may find that the economy can heal from within and not with higher taxation or more stimulus packages.

Simply allowing anybody who needs their debt restructured to have it restructured without having to default may be the impetus our economy needs to heal from within.




Don't forget, the Cat Who Ate Chase Bank, the book, coming out in sometime in 2011.

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.

Wednesday, January 26, 2011

Nice assembly of WAMU and Chase Bank protest blogs.

Lots of links to various WAMU and Chase Bank protest, activist, and consumer group websites can be found by clicking here. Apparently there is a battle over all the free stuff that Barack Obama allowed his buddy at Chase Bank to get. Or did Dimon get the gift under other buddy, George Bush Jr.?

I was told once by a former employee of WAMU that about six months to a year before WAMU became Chase Bank, that new hires arrived at WAMU, allegedly from Texas, and that they were snooping around.

That might help explain how WAMU got nothing, and how the stock investors lost out to Chase Bank as well. Here's hoping the WAMU stock investors win in court.

Don't forget, the Cat Who Ate Chase Bank, the book, coming out in sometime in 2011.

Wednesday, January 5, 2011

Chase Lies in Thousands of Foreclosures, Foreclosure Mills Engaging in Massive Fraud, Borrower Actions on the Rise says Foreclosure Defense Nationwide


Breaking News, Chase Bank Lies in Thousands of Foreclosures, Foreclosure Mills Engaging in Massive Fraud, Borrower Actions on the Rise, says Foreclosure Defense Nationwide dot com. The link provided in this article goes to a combination news story and PR piece from Foreclosure Defense Nationwide.

I'm not endorsing Foreclosure Defense Nationwide, however FDN has pieced together an interesting piece of evidence that you may want to see by clicking on the link above or here.

Don't forget, the Cat Who Ate Chase Bank, the book, coming out in sometime in 2011.

Saturday, December 11, 2010

Shelby County Aims to Help Keep Families in Their Homes | My Fox Memphis | Fox 13 News



Shelby county is arranging meetings between those being foreclosed upon, and the banks. But will these meeting really amount to anything if there is no active homeowners group to remind the banks they want to be respected?

Do these residents know to check out Swarm the Banks and Parallel Foreclosure to learn of the true level of unfairness that still exists in the way foreclosure proceedings are conducted by the banks?

Thursday, October 7, 2010

Chase Bank "Balance Liquidation Program" might help you actually pay down your credit card debt.

About a year ago I was told by a reader to ask for the 5 year Chase Bank "Pro-Active" program as one way to combat Chase Banks change in terms on their low interest rate credit card offers.
Chase Bank basically STOLE anywhere from 10 million to 100 million dollars of its customers low interest rate savings on a monthly basis by increasing the monthly minimum payment on customers' low interest rate, life of the loan credit card agreement, by 150% above and beyond what their customers were already paying!
So if a customer was making a 400 dollar a month payment to Chase Bank, that payment would suddenly jump to 1,000 dollars a month! If the customer could not make the higher payment, they would default on the low interest rate credit card agreement (example, 2.9%), and the interest rate could increase to as high as 29%! In my opinion this was a criminal act by Chase Bank that to this day has not been rectified.

There may literally be tens of thousands of Chase Bank customers who took a huge financial hit because of Chase Bank first changing terms, then not allowing their customers to opt out of the change in terms.
Chase Bank went as far as to lobby the new credit card reform act of 2009 so that they WOULD NOT have to notify their customers whose terms had been changed that there was a way out of the mess.
Indeed, when I called the number the reader gave me, the five year paydown program was called the Pro Active program.
However, when I got the Chase Bank welcome letter, I was so upset with Chase Bank (Because the accelerated paydown of this low interest rate credit card would cost me hundreds of dollars extra as I applied extra money to this low interest rate card that could have gone to pay down a higher interest rate credit card faster), that I just sort of glanced at their "welcome letter".
Today, I ran across the chase bank welcome letter again and noticed that I was being welcomed to the Chase Bank "Balance Liquidation Program". So even though I was told, and Chase Bank answered to the name Pro-Active, the other name that apparently describes the 5 year pay down program is called the "Balance Liquidation Program".

I recall banks sending me similar types of 5 year pay down programs, but the interest rate always seemed to be anywhere from 10.99% to 19.99%, or higher. I think two differences with this Chase Bank Balance Liquidation Program is that the regular customer service department may know who to send you to, whereas with the Pro-Active program they may not, the second difference is you may actually qualify for anywhere from zero percent interest to some other single digit interest rate not exceeding 9.99%.

The idea being that whatever interest rate you are presently paying, if you agree to close your account while continuing to pay off your closed account, you will get a low interest rate as an incentive.

So if you feel you can pay off a credit card debt that currently is at a high interest rate if the interest rate were lower, you may want to consider calling and asking about the balance liquidation program. I think other banks besides Chase Bank may offer this program as well.

Your credit score may take a small hit because of the closing of the account, but I think that is only for perhaps six months, then if you show that you are making timely payments, it should start to help restore your credit score, and you get the added bonus of paying less out in interest rate charges.


Don't forget, the Cat Who Ate Chase Bank, the book, coming out in sometime in 2010.

Tuesday, May 18, 2010

Brenda Reed, Oakland, California


I am a Vietnam War widow dealing with Chase/WAMU. On Monday, May 17th, 2010, unless I have legal or divine intervention Chase will sell my home of 38 years at auction on the courthouse steps in Oakland, California. I have been trying to work out my loan with Chase since July 2009.

I successfully completed a 3 month trial modification with manageable payments that dragged on for 5 months. On February 1st, the anniversary of the death of my husband, Captain James Eddie Reed, in Vietnam, a Chase rep telephoned me and stated "I know what today is for you . . . you have been denied . . . we are going to foreclose on your home. My home is also a bed and breakfast business. On April 24th I received the Notice of Trustee's Sale and it was taped to my door on April 26th -- something utterly devastating.

The one thing I know for sure is that my husband did not give his life for his country so a bank -- any bank -- could run rough shod over his family or countrymen....Read the rest of the story at Shame the Banks.


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