tag:blogger.com,1999:blog-3338217866255228338.post5071961512937844008..comments2023-10-17T08:35:37.292-07:00Comments on The Cat Who Ate Chase Bank: The Problem With America's Debt - Glenn Beck - FOXNews.com - Gasp, Glenn Beck compares China to Chase Bank, makes no sense.Alessandro Machihttp://www.blogger.com/profile/06316327488702524564noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3338217866255228338.post-43158410160531270522010-02-20T18:14:00.668-08:002010-02-20T18:14:00.668-08:00The sticker idea is interesting. I think it might...The sticker idea is interesting. I think it might be considered defacing bank property however.Alessandro Machihttps://www.blogger.com/profile/06316327488702524564noreply@blogger.comtag:blogger.com,1999:blog-3338217866255228338.post-35051553105511286812010-02-13T07:28:06.468-08:002010-02-13T07:28:06.468-08:00Additionally, the problem with the national banks ...Additionally, the problem with the national banks is they are not investing locally anymore to the degree they used to, and those investments got leveraged into unsustainable derivatives deals.Alessandro Machihttps://www.blogger.com/profile/06316327488702524564noreply@blogger.comtag:blogger.com,1999:blog-3338217866255228338.post-26540744559360464762010-02-13T07:26:09.642-08:002010-02-13T07:26:09.642-08:00Chase Bank is different because Chase actually for...Chase Bank is different because Chase actually forced their most trustworthy, never late on their payments customers who had low interest rate deals already in place, to pay 5% a month of what they owed from the 2% that they were paying.<br /><br />This instantly raised monthly minimum payments an additional 150% above and beyond what the customer was already paying.<br /><br />Additionally, Chase actually lobbied the credit card reform bill act to not have to reveal to the consumer that they could at least get a five year pay off deal that was actually a fair compromise. I believe this could lead to the biggest lawsuit in the history of the banks. Any customer who was not notified of the 5 year pay off alternative but was eligible for it should be part of a class action lawsuit against Chase.<br /><br />Ironically, I may have made advocated a similar pay down program for credit card customers in one of my blogs or credit card websites, but I certainly would never have advocated that Chase bank could get away with a change in terms without notifying their customers of the 5 year pay off program.Alessandro Machihttps://www.blogger.com/profile/06316327488702524564noreply@blogger.comtag:blogger.com,1999:blog-3338217866255228338.post-54673452438785849522010-02-13T06:18:42.313-08:002010-02-13T06:18:42.313-08:00Owe Chase, or Chinese, it's all got the same e...Owe Chase, or Chinese, it's all got the same effect. The problem with big banks is they sacrifice the small ones to grow larger, and we pay for their bailouts. I'm curious how Chase is different from Citi, or even BOA? If we want to stick it to the big banks, then money has to be transferred to small banks or credit unions. Pick a safe one not on the FDIC watch list.Joe Shareholderhttps://www.blogger.com/profile/17147606389622294202noreply@blogger.comtag:blogger.com,1999:blog-3338217866255228338.post-27787623298885846012010-02-09T05:33:26.634-08:002010-02-09T05:33:26.634-08:00Hi Alessandro,
I just spotted this article about...Hi Alessandro, <br /><br />I just spotted this article about people putting STICKERS on Credit Card locations. I don't care about anyone else than Chase as I still consider them the worst raising the minimum payments 150% on 1 million of their best customers.<br /><br />http://www.huffingtonpost.com/2010/02/08/credit-card-protester-sti_n_453497.html<br /><br />Maybe you could whip up a sticker or two that we could print off on sticky paper with the flyer?<br /><br />Thanks!<br /><br />Friends don't let Friends use Chase Bank.<br /><br />GerryGerrynoreply@blogger.com