Re: Wells Fargo Has Blood On Its Hands

May 21, 2012

Desperate Man Commits Suicide After Shocking Foreclosure Mistreatment

“Here’s the shocker: right at the start the Rousseaus came up with proof that the bank had received the payment and had cashed the check.”

Here’s the Truth: these mafia-type actions are nationwide business models, systematic, institutionalized (“like an assembly line”), and robo-signed (with ENRONish smiles: “Screw grandma, we’re getting that house.”).

Imagine if the same method had been applied to Norman Rousseau over a car loan.  Aside from the constantly modified interest rates and incessant fee scams, down to the last eight months of payments everything was spot on from Normon: never missed a payment/never late/always had “proof.”  Then, out of something planned, everything just kept, somehow, going wrong – for him.

First, the “bank misapplied [his] payment.”  Next, the bank lost (shredded) a payment – three times in the last eight months of the loan.  Then, the bank continued losing (shredding) every element of Normon’s “proof”: the cashier’s check receipts, certified mail from him with returned signatures from them, certified mail from even his attorney, documentation that they were cashing the checks, and so on (“like an assembly line”).  Finally (in the process), the bank started sending out repossession trucks.  Norman screamed to many authorities, local, state, and national: “Will anyone help me?  This is an outright scam!  I am being robbed!  This is like the mafia!  I have ‘proof!’”

But, no one stepped forward who could help – because the systematic actions were blind-eyed and covered – all the way to the White House.

Yes, that would be one level of nationwide (wink-wink) fraud.  Yet, we are talking about millions of people’s actual houses/homes.

Remember Dimitris Christoulas?  Remember this Buddhist?

At some critical juncture, during all of the manufactured crises, may as many as possible have finally seen, realized, and experienced – enough.

Remember this?
Occupy: pepper sprayed
Then
Occupy: Awareness

The Christian Spirit Rests with Occupy Protestors
“Jesus went and occupied Jerusalem.  Martin Luther King Jr. went and occupied Memphis.  I am convinced that today the Christian spirit rests with those who occupy sites across the United States. . . .”

Foreclosure Fraud?  Obama Looks Forward

And when President Obama turned to Larry Summers and his apprentice Timothy Geithner and other Wall Street hacks to manage his economic team, it showed that “Hope” and “Change” really meant “Business As Usual.”

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More Talking Points from the New York Times

April 11, 2010

Another in a series of setups: First, controlling interests decide what direction, or policy, will be implemented.  Next, many months ahead, they dispense “talking points” to certain major publications and pliable “news” sources.  Then, people are incrementally (sold) “informed” as to what is inevitably upcoming.  Under the guise of facts simply being reported, it works like a well-timed machine: “With losses from credit card defaults rising and with capital to back credit cards harder to come by, issuers are likely to increase rates to 16 or 17 percent by the fall. . . .”  The latter facade (of a warning) was presented from a minute marketplace/”business environment” context.  No references to the recent (weak) CARD Act or relative history to rampant abuses which brought its passage were mentioned.  Instead, we are given the usual: a slanted “why” of what will be (for manipulative preparation) – but not a broader “why” of what IS, in an ongoing sense. In short, credit card companies will continue escalating the Variable floor rate, before the Prime Rate even begins to be altered upwardly, step-by-step.  As an intended result, a new 20% average rate will be on our planned and coordinated horizon.  Remember Providian?  Their predatory practices were the focus of many lawsuits.  Remember their standard 19.9% “Gold” cards – which were enticements for the downtrodden, and fodder for comedians?  Soon, that rate will evolve – from oppressive joke material to a “National Average.”  And, the consequences will be used against us.

Credit Unions and Community Banks: Send a Message

Sugar-Coated Status Quos: Let the Markets Grow Congress Shocked by Credit Card Predators?

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Sugar-Coated Status Quos: Let the Markets Grow

January 9, 2010

As obvious through a recent PR Release, Rep. Carolyn Maloney believes that sugar-coating status quos will change what we have grown to know (as facts): “That 45-day period gives you nearly two billing cycles to do more than complain — to shop around for a card whose rate and terms of service you prefer.”  Wow!  Is it change — with teeth?  (Please.)  We have already been doing that for more than two years – while hearing foreign customer service agents of “banks” like Citi and Capital One tell us “If you don’t like it, you can close your account.”  Were interest rates capped?  No.  Since passing the Credit CARD Act, has First Premier Bank escalated a sub-prime rate to 79.9%, Legally?  Yes.  “Laws like the CARD Act are reasonable and allow markets to function as market enthusiasts imagine they should: with less friction, more transparency, and with bad actors being driven from the field.”  As a historic “bad actor,” was First Premier “driven from the field,” or, was it (like “prime” providers) emboldened?  Having collectively witnessed and experienced the results of a rampant savaging of our world’s citizens and overall economic system, is it “reasonable” to “allow markets” to go forward, basically unfettered with any returning or meaningfully modified regulation?  Moreover, how insulting (and detrimental) is it to have Representatives selling such a premise?  After 100 million people (including the best tier of customers) were gouged into 29.9% (Usury) rates, as redress, did they seek what was “reasonable” in the view of their predators?  “Once interest rates, terms and conditions are clearly stated . . . the consumer can make a clear-headed decision about what card to choose.”  Got that?  New language!  New (“responsible”) consumer choices!  Same results: “If you don’t like it, you can close your account.”  In July of last year, Rep. Maloney seemed to be amazed that Citi, Chase, and BoA, were continuing their predatory practices: “Issuers during this crisis should be using this period to adapt . . . , not raising rates and changing terms on those who are already meeting their obligations.”  Yet now, she is praising them – because they are making terms “easy to understand” (with notices): “There are some companies that seem to get it.  Chase and Citi have added cards and services to their lineup which are simple and easy to understand.  Bank of America sent notices far in advance to their customers explaining the new rules.”  Let us respondvociferously.  In this collusive scenario, our incensed reactions and motivated decisions are just as “clear-headed” now as before.  When the Act failed to take effect immediately, and did not cap rates or fees, all the relevant “actors” indeed “[got] it” – as we, the public, proceeded “[getting] it” in our updated terms (so to speak).

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Credit Unions and Community Banks: Send a Message

January 8, 2010

Left out in the Bail Outs?  Final straws as the colluding monopolies continue to pilfer us out of existence (at 30% rates)?  Have they eased lending?  Or, have most dominant lenders used their propped-up fortunes (borrowed at 0.25% rates) to expand (take) – without giving anything back (as supposedly intended)?  In direct relation to the latter, as well as ongoing predatory practices from the credit card industry (syndicate), since May of last year, The American Debt Relief Challenge has been promoted as a positively assertive way to make stands for ourselves and our communities in this regressive environment:

Time For a Credit Union Movement:

Combined with the following, we can make significant impacts, while sending irrefutable (“bottom line”) messages:

Time for a Community Bank Movement:
Move Your Money

Faith Leaders May Move Money Out of Bank of America

Sugar-Coated Status Quos: Let the Markets Grow

Measuring the Move: $20 Million and Counting

Our Money, Our Values

Update (02-23-2013): More than three years since Predatory giants (like Capital One) caused uproars from millions, their practices remain the same.  If my local credit union assesses a credit score of 796 combined with a perfect credit history as worthy of a new credit card account with more than double the credit limit and half the interest rate of a card I have maintained (in the most exemplary fashion) with Capital One for almost fifteen years, why would Capital One refuse to either lower the interest rate or raise my credit limit (on the same card/account they targeted along with almost everyone in the nation during their “Due to the Economic Environment” scam of 2008 and 2009)?  Because a certain “Environment” continues – without repercussions (they can’t just laugh at).

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Congress Shocked by Credit Card Predators?

July 6, 2009

05/19: Senator Reid: “We stood up for consumers and stood up to abusive credit card companies.  We said that big banks can no longer take advantage of hardworking Americans.”  Off The Record: “Well, you know, (like in December 08′) we are going to trust them to not go after their customers as predators (on a third wave) before these new measures go into effect.  And, despite giving them a year’s head start, we are certain they will not come up with other ways to bypass everything we have accomplished.”

Step-by-Step:
(1) They Let Us Down (05/21): Credit Card Protections With…Holes
Did not: “cap interest rates on credit cards, explicitly cap credit card fees, take effect immediately, limit interchange fees, or prevent issuers from finding new fees.”
(2) The Media Colludes In a Setup (06/15): Credit Card Defaults Rise
(3) And Finally, the Results (06/30): Citi Raises Card Rates On Millions

Are you Shocked, Sen. Reid and Rep. Maloney? (07/06):
“Citi has boosted interest rates on some cards to as high as 29.99 percent, according to a Credit Suisse report.  Chase raised rates as high as 23.99 percent. . . .  Capital One has kept rates steady for now, but warned consumers they will be increasing over the next year.”  “‘We expect purchase APRs to continue to trend higher ahead of the recently passed Credit Card legislation, slated to go into effect February 2010,’ wrote Credit Suisse analyst Moshe Orenbuch.”  “‘Issuers during this crisis should be using this period to adapt to the new rules about to take effect, not raising rates and changing terms on those who are already meeting their obligations’: Rep. Carolyn Maloney, D-N.Y., the prime sponsor of the bill.”

Nothing passed in May (beyond a 45-day notice) was immediate.  Caps on interest rate proposals by Sen. Sanders and a few brave others were overridden.  The credit card companies (and newly formed banks) were given another seven months (minimum) head start.  Did you really stand up for us, Senator Reid?  Are the banks continuing to “take advantage”  (after having received billions upon billions in taxpayer-funded bailout money that was supposed to “free up” the credit markets)?  Did you really expect anything different, Rep. Maloney?  Did you think there was any (actual) chance these Vultures would do what they “should be doing before the new measures took effect?  To them, this is what they Should Be doing – just like they were – since (before) December 08′ (and the 1 ½ year’s notice).

Update (11/19):  Credit Card Rate Freeze Killed

Time For a Credit Union Movement:

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