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Latest Move by Chase Contradicts Testimony

Wow, this is an impressive article. Kind of reminds me of the closing summation at Chase Bank's pending 2010 Executive board's treason trial.

If you don't mind I'd like to add one more point.

Jamie Dimon continues to insist that Chase Bank is raising the monthly minimum payment requirement on 2 million of their best, never miss a payment customers to help these customers pay down their credit card debts faster...

... However, Chase Bank's actions will cost their bait and switch victim customers anywhere from between 100 million to 1 billion dollars A MONTH in lost credit card paydown as customers have to reallocate money budgeted for their higher interest debt to Chase Bank's lower interest debt.

If Jamie Dimon really believes that Chase Bank is helping consumers by increasing their monthly minimum payment requirement by 150% on lower interest credit card debt, he may actually be incompetent to run Chase Bank.

If Jamie Dimon really believes it is more effective for Chase Bank customers to allocate larger payments to lower interest debt versus higher interest debt, than Mr. Dimon is no longer fit to run Chase Bank and should immediately step down.

daily-protest.blogspot...
www.bloggersagainstcha...
www.daily-protest.com
www.consumeraffairs.co...