Complaint Review: J P Morgan Chase Bank - Internet

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Did you happen to type in 284134 at this website and read what is posted in Consumer Comment #1 at Ripoff Report #284134?

FACT: Ten months after that consumer comment was posted at this site, Lehman Brothers collapsed and the stock market crashed. On September 29, 2008, the Dow Jones lost a record 777 points and the financial system in the USA had to be bailed-out by the American people. Several large corporations were also on the verge of collapsing, including General Motors, Chrysler, AIG, Freddie Mac, and Fannie Mae. You can 'Google' this- FRONTLINE: INSIDE THE MELTDOWN, and watch that documentary on the web for proof.

Have a great weekend!

Question: Why didn't the CEO of JP Morgan Chase alert the American people about the coming collapse of the U.S. economy and the stock market crash back in the summer of 2007?

You can 'Google' this- FRONTLINE: MONEY, POWER AND WALL STREET, and watch that documentary on the web in order to learn that employees who worked at JP Morgan were the ones who came up with and introduced 'credit default swaps' and 'derivatives' into the market several years prior to the collapse of the system in September of 2008.

Did you know that there were $595 Trillion in credit default swaps and derivatives in 2007? Feel free to 'Google' this- FRONTLINE: THE WARNING, and watch that documentary on the web and you'll hear about it.

Try to imagine a pile of cash that contains $1 Million.

Now try to imagine one million piles of cash that each contain $1 Million.

That's $1 Trillion.

Now try to imagine 595 million piles of cash that each contain $1 Million.

That's $595 Trillion!

*That's the amount of 'credit default swaps' and 'derivatives' that there were in 2007, and we can logically conclude that there are even more today. Keep in mind that the entire annual global economy is around $70 Trillion. It means that the banks have created an 'artificial economy', operating in secrecy, that is over eight times larger than the Gross Domestic Product of the entire world.

WELCOME TO THE PUBLICLY HELD BANKING SYSTEM IN THE USA & EUROPE- WE CREATED AN ARTIFICIAL ECONOMY THAT IS OVER EIGHT TIMES LARGER THAN THE GROSS DOMESTIC PRODUCT OF THE ENTIRE PLANET AND IT IS JUST ONE OF THE MANY REASONS THAT WE WERE LABELED 'TOO BIG TO FAIL'

Chase Bank decided to break federal laws and used my childrens social security to try and secure repayment for my home, and nevermind once; they did it twice! Tried to hold lender accountable, and they did a fast foreclosure. Then we were told by the homeowners assistance banker they denied us our remod because we did contact lawyers. Lawyers were a scam as well. Keep your house chase or USDA, because all of you are criminals. I HOPE YOU DISCLOSE TO THE BUYERS ABOUT THE MOLD! Shoddy builders, cheap. I know I have to take this one, but one day you may mess with deeper pockets. Too bad that isn't me. Regular banking is keeping track of your purchases, their banking has always been fine, just don't use them for financing a home

Your leaving out the fact that JPMorgan were SOLVENT, the TARP funds were not needed, it was "forced" upon by the Fed, FDIC, and Treasury. The intention of the JPMorgan using the funds was to loan it back out out. In addition all $25B was repaid.

However im not sure what your comments have to due about the complaint. Futhermore, JPMorgan and others are FOR PROFIT companies, consider that 25% to 40% of checking accounts at the big four banks are money losers. Banks used to make money from those unprofitable checking accounts is through debit card swipe fees and/or overdraft fees. Regulations like the CARD Act and Durbin Amendment have dramatically shrunk the revenue from those activities. BANKING IS NOT FREE, but there are ways to waive or avoid almost every fee that you can be charged.

A documentary 'documents' events that actually happened. Many of us know that the financial system in the USA collapsed back in September of 2008 and several large Wall Street corporations collapsed and had to be bailed-out with taxpayer's money from the TARP. Since it happened, it is true.

Many of us know that oil prices went up to $147 a barrel in the summer of 2008, prior to the 'meltdown', and we all know that gasoline prices went over $4 a gallon in the USA and diesel fuel prices were around $5 a gallon. Since it actually happened, we know that it is true.

*These are facts. They cannot be disputed because they happened. They have been documented. 

Have a great day!

WELCOME TO THE PUBLICLY HELD BANKING SYSTEM IN AMERICA- ONE BIG FAILURE THAT IS BEING EXPOSED ON THE WORLDWIDE WEB EVERY DAY

Well if its on news media and the INTERNET it has to be true. 

When JP Morgan Chase was in "desperate need to get funds" back in 2008, they had their CEO meet with Hank Paulson and JP Morgan Chase received billions of dollars in taxpayer's money from the TARP. (Troubled Asset Relief Program)

You can 'Google' this- FRONTLINE: INSIDE THE MELTDOWN, and watch that documentary on the web for proof.

It also appears that JP Morgan figured out a way to manipulate the price of oil for profit in order to keep the bank afloat prior to receiving the billions of dollars in taxpayer's money from the TARP. Feel free to 'Google' this- DID SPECULATION FUEL OIL PRICE SWINGS, and watch that 60 Minutes segment on the web for proof.

Have a great day!

WELCOME TO JP MORGAN CHASE- THE AMERICAN PEOPLE BAILED US OUT BACK IN 2008 AND NOW WE CONTINUE TO MANIPULATE THESE SAME AMERICAN PEOPLE WHO HAVE CHECKING ACCOUNTS WITH US IN ORDER TO MAKE OUR PROFITS 

If your in desperate need to get funds from one bank to another, suck it up and pay the fee for a wire transfer, its not the banks fault for your poor planning. Funds for a QuickPayment are deducted from the account at the time of acceptance, and all payments are subject to review, and not all payments will be sent in Real Time. There is no misrepresentation with the name, its called Quick Pay, not Quick Receive.

It appears that writing a check has its advantages after all, wouldn't you agree? All of this high-speed technology seems to be benefiting the banks more than the consumer. I hope that people will someday wake-up and realize that writing checks has its advantages, because once a check is written the account holder will obviously enter that amount in his or her register and deduct it from the balance and see what is actually available, right?

Conclusion: The old-fashioned way of writing checks and using cash worked fine. Perhaps all Americans will get rid of their debit cards and use checks and cash instead.

Have a great week!

is available at this website.

Just type in 750752 at this site and it appears in the consumer comments section at Ripoff Report #750752.

Thank You