CongressPersons ~ The recent bank actions are akin to piracy. They represent the worst examples of greed when people are being layed off or downsized (we've experienced it in my own family). Each month it becomes more difficult to make the monthly budget work. We had our credit limits cut, our interest rates raised and our minimum monthly payments significantly increased. And now the banks are receiving 'bail-out' dollars that come from my taxes. It's not only ridiculous ... it's criminal.
Please take immediate action to put and end to banking's grip on hard-working Americans who keep up with their payments at the expense of losing out on normal family activities. Forget the vacation ... we'll rent DVD's instead of going to the movies ... eating out has fallen way off and anyone can see that while visiting a local restaurant. We need help. We don't need the greed of a few, backed by what they call 'contractual changes due to economic conditions' to damage out ability to function in a normal lifestyle. The alternative? Perhaps we should push for an all-out payment stoppage ... or, better yet, take advantage of credit agencies who 'help' folks reduce their debts by supposed legal means. Of course, that messes up a person's credit rating but there's another trouble spot. The entire credit syhstem is broken and filled with what I can only call a criminal element. Pirates, all.

So, this request is for active and quick legislation to put an end to credit abuses. The honest public deserves much better - from the business community and from their elected leaders.

Why did this last administration dislike consumers so much that they changed the bankruptcy laws to favor the financial lobbyists, lean on the Senate to shelve the congressional bill HR 5244 which would have given consumers faster protection from predatory lending and ignored the alerts given to them about what was happening with some of the wall street crooks? These one side politicians arent just in congress but at the state level too. And we continue to vote some of these crackers into office over and over.

I am so disgusted with the Banks. They take our tax dollars, foreclose on honest Americans who find themselves in difficult times and then raise interest rates on their card holders. We need to just close the banks and start over with another system. These guys are so corrupt and continuously looking for a way to take our money.

Please do something for all of us Americans who work hard for a living or even AREN'T working due to being unemployed or laid off.

2009:

Credit card co.'s are raising interest rates on millions of customers who have NEVER been late on their accounts. You bet! It happened to me and many people I know, all within the last 30 days.

Example, from 5-10% rate going up to 14.7% and higher.

For those who are ONE day late ever, expect today's rate of 28-31% rate. Seriously!

They are crimminals and if the Gov. will not stop them right away (not years with that 2010 joke) then they are crimminals as well. People are suffering. There are people who own $3,000-$10,000 in credit card debt because suddenly they can't find jobs or if they do, sometimes work for 1/2 their previous pay. The corporations new abuse will soon make even more people go broke and lose their homes.

It is a misguided idea the credit card companies have. Yeah we should all pay for your mortgage loses. So make millions more people go broke when you increase their payments an extra $150-$400.00+ per month. This way, more people will default on the other loans like their mortgages. Where is our Gov!

Companies involved are CHASE, CAPITAL ONE,
DISCOVER and even Bank of America along with others. Basically, the list of the 6 MAIN
Lenders.

These Corporations are not well managed and they certainly not American Patriots.

Signed,

Disgusted Citizen

COLORADO

July 28, 2003
SEC Settles Enforcement Proceedings against J.P. Morgan Chase and Citigroup
FOR IMMEDIATE RELEASE
2003-87
J.P. Morgan Chase Agrees to Pay $135 Million to Settle SEC Allegations that It Helped Enron Commit Fraud
Citigroup Agrees to Pay $120 Million to Settle SEC Allegations that It Helped Enron and Dynegy Commit Fraud
Washington, D.C., July 28, 2003 -- The Securities and Exchange Commission today instituted and settled enforcement proceedings against two major financial institutions, J.P. Morgan Chase & Co. and Citigroup, Inc., for their roles in Enron Corp.'s manipulation of its financial statements. Each institution helped Enron mislead its investors by characterizing what were essentially loan proceeds as cash from operating activities. The proceeding against Citigroup also resolves the Commission's charges stemming from the assistance Citigroup provided Dynegy Inc. in manipulating that company's financial statements through similar conduct.

Aug. 8, 2005
SEC charges ex-Citigroup executives with fraud
Alleged improprieties said to have garnered nearly $100 million
Associated Press
Updated 6:38 p.m. ET Aug. 8, 2005
WASHINGTON - Federal regulators on Monday charged two former executives of Citigroup Inc. with fraud in connection with alleged improprieties said to have garnered the financial services giant nearly $100 million at the expense of mutual fund shareholders.
http://abajournal.com/news/citigroup_awarded_364m_in_parmalat_accounting_fraud
_case/

August 9, 2005
NYTIMES
S.E.C. Accuses Former Citigroup Executives of Securities Fraud
By JULIE CRESWELL
Published: August 9, 2005
Regulators accused two former Citigroup executives of securities fraud yesterday, contending that they shortchanged mutual fund investors by denying them certain discounts.
The Securities and Exchange Commission sued the two executives, Thomas W. Jones and Lewis E. Daidone, over Citigroup's creation of a transfer agent to serve its Smith Barney family of mutual funds at steeply discounted rates. Rather than pass the discounts to the funds' shareholders, Citigroup reaped $128 million in profits over five years. Lawyers for the two men said they would fight the lawsuit.
This goes on and on and on...most recent
August 2, 2008
N.Y. Plans Citigroup Fraud Lawsuit
Auction-Rate Securities at Issue
By Heather Landy
Special to The Washington Post
Saturday, August 2, 2008; Page D01
NEW YORK, Aug. 1 -- New York Attorney General Andrew M. Cuomo plans to imminently sue Citigroup, alleging that the financial-services giant engaged in "fraudulent" sales of bonds known as auction-rate securities by marketing them as a safe investment, his office said Friday.
The SEC settled administrative proceedings against JPMorgan Chase & Co relating to its activities as an asset-backed indenture trustee for certain special-purpose subsidiary programs (programs) of National Century Financial Enterprises, Inc. (NCFE), formerly a Dublin, Ohio healthcare financing company, during the approximate period 1999-2002. (Remember this timeline)

JPMorgan Chase & Co., the largest U.S. bank by market value, agreed to pay $425 million in 2006 to settle claims by Arizona noteholders. The noteholders said JPMorgan and other banks underwrote or were trustees of the notes used to defraud investors.
After the last trial for National Century Financial Enterprises, Inc. in December 2008, February 2009, ‘Credit Suisse Securities LLC has asked the court overseeing litigation over the collapse of health care lender National Century Financial Enterprises Inc. to sanction Lloyds TSB Bank PLC for allegedly hiding a deal with Moody's Investor Services Inc…’

just looked at my most recent credit card statement from Chase. I have been an on time credit card customer for many years with this company. My interest rate went from 7.99 to 12.24 overnight. I called customer service, and was told it was a business decision. These banks, and all their top brass should all be in jail for loan sharking. They are akin to organized crime. And our goverment which permits this has their head in the sand, once again. If we all stopped paying on these cards, watch how quickly reform would happen. Glenn Beck, where are you?