Comments on: The lords in banking have taken the power, and we are the serfs. http://www.changeinterms.com/2009/01/03/the-lords-in-banking-have-the-power-and-we-are-the-serfs/ Now We're Coming After You Fri, 27 Aug 2010 18:50:17 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Dr Robert Lahm http://www.changeinterms.com/2009/01/03/the-lords-in-banking-have-the-power-and-we-are-the-serfs/comment-page-1/#comment-88 Dr Robert Lahm Wed, 21 Jan 2009 20:38:39 +0000 http://www.changeinterms.com/?p=337#comment-88 This is my first experience using WordPress with comments enabled, on an active site. I'm learning the software as I go, and I know that I am messing up some of the settings. There are also some methods and tools for keeping up with everything and everyone, with which I have limited experience (you said "Me again..." -- I know I just replied to your contact form submission, but if you have commented here, on the site itself, I'll have to find it!!!). I do have a personal policy of trying to respond to any legitimate communications that come my way (here, at the university where I am employed, et cetera), but I am a bit overwhelmed with work, and with WordPress (behind the scenes), so I appreciate your patience with me. I like your suggested quote from Psalm 94. This is my first experience using WordPress with comments enabled, on an active site. I’m learning the software as I go, and I know that I am messing up some of the settings. There are also some methods and tools for keeping up with everything and everyone, with which I have limited experience (you said “Me again…” — I know I just replied to your contact form submission, but if you have commented here, on the site itself, I’ll have to find it!!!).

I do have a personal policy of trying to respond to any legitimate communications that come my way (here, at the university where I am employed, et cetera), but I am a bit overwhelmed with work, and with WordPress (behind the scenes), so I appreciate your patience with me. I like your suggested quote from Psalm 94.

]]> By: Dr Robert Lahm http://www.changeinterms.com/2009/01/03/the-lords-in-banking-have-the-power-and-we-are-the-serfs/comment-page-1/#comment-87 Dr Robert Lahm Wed, 21 Jan 2009 20:26:34 +0000 http://www.changeinterms.com/?p=337#comment-87 Hi Julie, There are people who are more fortunate, and they can pay for everything on a cash basis -- good for them (I've always had to work, and your reply to the supervisor is correct: banks need to lend in order to make money). The individual with whom you spoke is not "better" than you, or me, or anyone else. I have a student loan, credit card debts, a vehicle loan, and a mortgage. I entered into each of those obligations in good faith, and I have paid on time, as agreed. Unfortunately, Chase has acted in bad faith, and I have proof positive that it lied to me (not to mention lying before Congress, and hundreds of thousands of other account holders, like you). People who tell lies, and cheat, and who are greedy, or not better. They may lead lives that lavish them in material things, wear nice clothes, and be cash-rich, and that probably makes them think that they are better. But, I have ethics; I have people who respect me because I am a person of honor. At the end of the day, as a teacher (relative to my "day job"), I lay my head on my pillow knowing that some of my students (those who want to, and persevere), will lead lives as entrepreneurs. I would not be so presumptuous as to take credit for that, but I do spend my time introducing them to information, resources, and ideas that they may not have had. I'm proud of my work. I serve others. That supervisor serves only his own and Chase's twisted interests. Chase needs the bail out money to go bargain shopping, buying up other banks that are in financial distress. If a company or an individual is cash rich, this economy provides a virtual smörgåsbord of opportunity to "buy low" (and later "sell high"; and it's even better, for them, using taxpayers' money). Hi Julie,
There are people who are more fortunate, and they can pay for everything on a cash basis — good for them (I’ve always had to work, and your reply to the supervisor is correct: banks need to lend in order to make money).

The individual with whom you spoke is not “better” than you, or me, or anyone else. I have a student loan, credit card debts, a vehicle loan, and a mortgage. I entered into each of those obligations in good faith, and I have paid on time, as agreed. Unfortunately, Chase has acted in bad faith, and I have proof positive that it lied to me (not to mention lying before Congress, and hundreds of thousands of other account holders, like you). People who tell lies, and cheat, and who are greedy, or not better. They may lead lives that lavish them in material things, wear nice clothes, and be cash-rich, and that probably makes them think that they are better. But, I have ethics; I have people who respect me because I am a person of honor. At the end of the day, as a teacher (relative to my “day job”), I lay my head on my pillow knowing that some of my students (those who want to, and persevere), will lead lives as entrepreneurs. I would not be so presumptuous as to take credit for that, but I do spend my time introducing them to information, resources, and ideas that they may not have had. I’m proud of my work. I serve others.

That supervisor serves only his own and Chase’s twisted interests. Chase needs the bail out money to go bargain shopping, buying up other banks that are in financial distress. If a company or an individual is cash rich, this economy provides a virtual smörgåsbord of opportunity to “buy low” (and later “sell high”; and it’s even better, for them, using taxpayers’ money).

]]> By: A_Son_Not_A_Serf http://www.changeinterms.com/2009/01/03/the-lords-in-banking-have-the-power-and-we-are-the-serfs/comment-page-1/#comment-86 A_Son_Not_A_Serf Wed, 21 Jan 2009 16:59:01 +0000 http://www.changeinterms.com/?p=337#comment-86 Me again... glad to see comments enabled here (seems like they are not on many of your posts). The scripture to quote over yourself in this hour, is Psalm 94... Justice is coming. Mercy is already here. Me again… glad to see comments enabled here (seems like they are not on many of your posts).

The scripture to quote over yourself in this hour, is Psalm 94…

Justice is coming. Mercy is already here.

]]> By: Julie http://www.changeinterms.com/2009/01/03/the-lords-in-banking-have-the-power-and-we-are-the-serfs/comment-page-1/#comment-85 Julie Wed, 21 Jan 2009 16:52:02 +0000 http://www.changeinterms.com/?p=337#comment-85 I, too, have joined the ranks of those getting screwed by Chase. Same as other posts I've had a fixed 3.99 rate since July of 2006. No late payments, no missed payments on this or any other debt. Now an increase from 2% to 5% of balance due, plus the $10.00 service charge at 27.24%. Only options are to 1)suck it up 2) pay it off and close account or 3)agree to a new interest rate of 7.99 and eliminate the monthly fee and go back to 2% of balance due. This is so not right. No other business would be allowed to use such a tactic. It's easy for people who don't have credit card balances to simply say "pay it off". It doesn't matter how or why you have credit card debt. In a perfect world none of us would have any debt, but unfortunately we do. The problem is with credit card companies being able to change terms mid-stream - for any reason or no reason. The Chase customer service supervisor I spoke with told me he was better than me because he didn't have any revolving debt - to which I replied "well, fortunately for you,there are those of us who do, otherwise you wouldn't have a job like so many of the rest of us. I don't know how these people live with themselves. Another question - why does a company that posts a 700+ million dollar net profit for the last quarter of last year need a bailout? I, too, have joined the ranks of those getting screwed by Chase. Same as other posts I’ve had a fixed 3.99 rate since July of 2006. No late payments, no missed payments on this or any other debt. Now an increase from 2% to 5% of balance due, plus the $10.00 service charge at 27.24%. Only options are to 1)suck it up 2) pay it off and close account or 3)agree to a new interest rate of 7.99 and eliminate the monthly fee and go back to 2% of balance due. This is so not right. No other business would be allowed to use such a tactic. It’s easy for people who don’t have credit card balances to simply say “pay it off”. It doesn’t matter how or why you have credit card debt. In a perfect world none of us would have any debt, but unfortunately we do. The problem is with credit card companies being able to change terms mid-stream – for any reason or no reason. The Chase customer service supervisor I spoke with told me he was better than me because he didn’t have any revolving debt – to which I replied “well, fortunately for you,there are those of us who do, otherwise you wouldn’t have a job like so many of the rest of us. I don’t know how these people live with themselves. Another question – why does a company that posts a 700+ million dollar net profit for the last quarter of last year need a bailout?

]]> By: The lords in banking have taken the power, and we are the serfs … | definedebt.com http://www.changeinterms.com/2009/01/03/the-lords-in-banking-have-the-power-and-we-are-the-serfs/comment-page-1/#comment-24 The lords in banking have taken the power, and we are the serfs … | definedebt.com Sat, 03 Jan 2009 17:58:05 +0000 http://www.changeinterms.com/?p=337#comment-24 [...] The lords in banking have taken the power, and we are the serfs … [...] [...] The lords in banking have taken the power, and we are the serfs … [...]

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