Comments on: A low cost “2-3-4″ assumable step-loan program would have prevented much of what has ailed us and what will be ailing us for decades

By: Alessandro Machi

Alessandro Machi — Sun, 14 Jun 2009 01:41:12 +0000

then there is the almost one trillion dollars in consumer credit card debt that nobody seems interested in helping consumers pay down. Same idea applies, just offer zero percent interest on all outstanding credit card debt that is older than 3 years. Make it applicable to anyone that is paying more than 9.99% interest.

Until consumers can both pay down their old credit card debts while also either saving money or making new purchases with cash, nothing will improve that much.

http://www.daily-protest.com

Please vote in the opt out topic I started at open gov, http://opengov.ideascale.com/akira/dtd/4487-4049

By: marv

marv — Mon, 08 Jun 2009 00:59:02 +0000

0%?

What a rip!

I want a better deal.

Why won’t they pay me to borrow cash?

By: steve

steve — Sun, 07 Jun 2009 18:17:30 +0000

The answer to the recession is a simple one: lower the mortgage rate.
Banks are borrowing at 0%, and lending at absurd rates, and making large profits. If mortgage and loan rates were reduced to 3 or 4%, the housing and auto markets would take off, and foreclosures would be a thing of the past.
The whole bailout thing has been the largest scam pulled on the American people yet. It is designed to make the banks, automobile companies and wall street solvent, and to get rid of all their debts.
All the while funding it with taxpayer money. The bail outs and billions do nothing to stop foreclosures, interest rates, predatory lending, and unemployment. Unfortunately, it will be awhile until the public catches on and does something about it.

By: Alessandro Machi

Alessandro Machi — Sun, 07 Jun 2009 06:22:24 +0000

My OPT OUT topic is still going strong at open gov.

http://opengov.ideascale.com/akira/dtd/4487-4049

Please vote for this issue as it is at the core of what Chase Bank has done wrong. If consumers have the right to OPT OUT when a bank changes terms, then consumers can at least keep an agreement in place without being forced to accept new terms that favor the banks.

http://opengov.ideascale.com/akira/dtd/4487-4049

Of course, if OPTING OUT becomes a consumer right, OPTING OUT should not lower one’s fico credit score.

http://www.Daily-Protest.com

By: Alessandro Machi

Alessandro Machi — Sun, 07 Jun 2009 05:59:42 +0000

The media is at a crossroad. Do they continue to bow to the Chase Banks of the world and their advertising money, or do they acknowledge the need for increased regionalized advertising in the national market? Regionalized advertising would replace some of the corporate advertising dollars by pooling the dollars from several hundred small businesses located all over the country into a time or space slot currently sold to Chase Bank.

A small business in St. Louis could advertise on the television show “The Office”, but in the St. Louis area only. Regionalizing advertising would reduce Chase Bank style of corporate advertisings influence over the media and would instantly create thousands of media buy jobs.

A Denver small business could advertise in Time Magazine, but only the ones that are going to Colorado. The corporate business module is destroying middle america because the media relies too heavily on corporate america’s advertising dollars.

http://www.Daily-Protest.com

With the corporate influence minimized, news stations could ask the hard hitting questions they presently don’t ask. Of course those sub prime loans could have been modified to escalate slowly rather than overnight, but it appears the plan was to let the catastrophe happen, then deepen the catastrophe by raising credit card interest rates at the worst possible time.

http://www.Daily-Protest.com

lowers costs for small business to advertise with them while also creating tens of thousands of additional advertising sales jobs.