Reach Chase Executive Offices For Mortgage Modifications

Reach Chase Executive Offices For Mortgage Modifications

Here is a fun-pack of executive escalation contact info you can use if you’re trying to get Chase to modify your mortgage. With the bureaucracy and indifference staring you down, you’ll need every vector you can get your hands on. [More]

The face of a winner

Arrest Warrant Issued For JPMorgan Chase CEO Jamie Dimon

Last week, JP Morgan Chase CEO Jamie Dimon was a wanted man in the city of Atlanta. The city solicitor issued a warrant for his arrest. [More]

Federal Reserve Extends Its Lending Authority In Bear Stearns Bailout

Federal Reserve Extends Its Lending Authority In Bear Stearns Bailout

For the first time securities dealers, effective today and for at least the next six months, may borrow from the Fed on much the same terms as banks. The Fed also lowered the rate charged on such borrowings from what’s known as its discount window by a quarter of a percentage point, to 3.25%, and extended the maximum term to 90 days from 30.

JP Morgan, Fed To Bail Out Bear Sterns

JP Morgan, Fed To Bail Out Bear Sterns

Bear Stearns, facing a grave liquidity crisis, reached out to JPMorgan on Friday for a short-term financial lifeline and now faces the prospect of the end of its 85-year run as an independent investment bank.

http://consumerist.com/2008/01/16/actual-headline-jp-morgan-it/

Actual headline: JP Morgan: It Could’ve Been Worse “JPMorgan’s Jamie Dimon seemed relieved, but issued a cautious outlook for the year. ‘Our lower quarterly results were affected by the investment bank’s markdowns in subprime-related positions and weaker trading. In addition, our consumer home equity and subprime loan portfolios performed worse than we expected,’ he said. ‘If the economy weakens substantially from here-for which, as a company, we need to be prepared-it will negatively affect business volumes and drive credit costs higher.’” [Forbes]

Man’s $179,000 401k Plan Hacked Drained; No Federal Laws Protect Him

David DeSmitdt’s retirement plan with J.P. Morgan got hacked and emptied, and there’s no federal laws to protect him.

Banks Boo Hoo Over SEC Minimum Credit Charge Scheme

Banks Boo Hoo Over SEC Minimum Credit Charge Scheme

The SEC is instituting a new set of guidelines to help get consumers out of debt… and banks and credit card companies aren’t happy about them.