Comments on: Gearing up for new FED Rules — “is not going to be easy.”

By: CorporateDeathPenalty

CorporateDeathPenalty — Thu, 14 May 2009 17:50:47 +0000

You have to be logged on, and you CAN’T log on. He blocked comments altogether! Doesn’t make him look very honest, does it?

Since I couldn’t post my reply there, I posted it on the Ourbroker.com article that he linked to. It’s “awaiting moderation.” It may not show up there, so I’ll paste it here:

Peter, something has gone wrong with the page on your site (http://www.debtcity.com/credit-cards/higher-monthly-minimums-good-for-credit-card-borrowers/) where we were discussing Chase bank’s sleazy attempt to force 400,000 people, who have a low fixed rate, to re-finance at a high variable rate. The feature for adding a reply seems to have stopped working. My reply is below:

Peter, I looked at your Ourbroker.com article, and it seems very sensible.

But the fact that you linked to it from this article shows that you are still thoroughly confused about the Chase behavior that is the subject of THIS article.

Your Ourbroker.com article is about “non-traditional loans,” which were advertised, from the very beginning, as having initial rates which were only temporary.

The loan that I borrowed, along with 400,000 others, from a bank which has since been swallowed by Chase, was advertised as PERMANENTLY FIXED.

There was nothing “non-traditional” about our loans.

The only “non-traditional” part is the scam that Chase is perpetrating against us, right now, several years after the loan, trying to force us to re-finance at a high variable rate.

By: Barbara

Barbara — Thu, 14 May 2009 13:55:17 +0000

Corp, Peter Miller finally “responded” to your last comment with some useless statement regarding the difference between credit card debt and mortgages. I think he is tired of talking to us because all of a sudden, you have to be logged on to comment.

By: CorporateDeathPenalty

CorporateDeathPenalty — Mon, 11 May 2009 18:30:28 +0000

Yes, he is mindlessly parroting Chase’s deliberately engineered misconceptions.

But… he’s doing it in a forum where we can demonstrate how wrong those misconceptions are. Stephanie Jacobson would NEVER do that!

Maybe we can’t make Peter wake up and smell the coffee, but we can have an effect on other people who read that web page.

By: Barbara

Barbara — Sun, 10 May 2009 14:05:01 +0000

Pdurant…. you’re right. I keep trying and trying, and it’s just making me crazy! Peter’s last admonition to me was to just “stop spending”!!

By: Pdurant

Pdurant — Fri, 08 May 2009 17:47:21 +0000

Barbara – I just left another comment to try again to get something sensible by way of response out of Peter….if this doesn’t work, we may as well give up. He is producing nothing but robotic responses straight out of Chase spokesperson Stephanie Jacobson’s playbook.

By: Barbara

Barbara — Fri, 08 May 2009 15:24:57 +0000

Hey Corp… I just read the recent posts from you and from Peggy at debtcity.com, and the responses from Peter. You understand my frustration!!

By: CorporateDeathPenalty

CorporateDeathPenalty — Thu, 07 May 2009 17:45:11 +0000

I love the way you used one of his own articles to prove that he was writing nonsense.

His stubborn refusal to be even slightly logical, even after you proved that he was in conflict with HIMSELF, makes me think of the famous Upton Sinclair quote:

“It is difficult to get a man to understand something, when his salary depends upon his not understanding it!”

By: Barbara

Barbara — Wed, 06 May 2009 17:00:06 +0000

It is weird how some journalists don’t seem to “get” this whole issue… See the attached article from March 20, 2009 by an author who appears to have the consumer’s best interests in mind. He was against CHASE’s $10 monthly “service fee” but thought the increase in minimum payment was good. I tried to argue but couldn’t seem to get through to him…
http://www.debtcity.com/credit-cards/higher-monthly-minimums-good-for-credit-card-borrowers/

By: CorporateDeathPenalty

CorporateDeathPenalty — Tue, 05 May 2009 18:58:59 +0000

Someone who’s a gather.com member ought to “ping” Money Maven, and tell her there’s a comment here that shows how Chase made a fool of her. If I were a journalist in her position, I’d be very angry to learn how Chase had played me for a fool.

If the journalists would just do their job, instead of swallowing Chase’s deliberately engineered misconceptions and then going around helping to spread them, then this disaster would be less of a disaster.

By: Cathy

Cathy — Sun, 03 May 2009 18:23:10 +0000

Additionally, those 7.99 opt outs are simply new balance transfers into new account numbers thus show as new business. For Chase this “proves” they are lending due to all the new accounts they have generated.